Welcome to our dedicated page for Xcel Brands news (Ticker: XELB), a resource for investors and traders seeking the latest updates and insights on Xcel Brands stock.
Xcel Brands Inc. develops and manages consumer brands through licensing, design, merchandising, sourcing, marketing and brand-development agreements. The company’s updates center on influencer-led brands built for social commerce, livestream shopping and television retail channels, including product collections for home, kitchenware, apparel, accessories and related lifestyle categories.
Recurring XELB news covers quarterly and annual results, brand launches on HSN and QVC, partnerships tied to Longaberger and other lifestyle properties, portfolio changes such as the sale of the Judith Ripka fine-jewelry brand, and capital actions including private placements and other financing arrangements. Coverage also reflects the company’s mix of legacy brands and new influencer-driven brand programs.
Xcel Brands (NASDAQ: XELB) announced a refinancing of its credit facility, securing an initial $25 million term loan and the potential for an additional $75 million for acquisitions, subject to lender approval. This refinancing aims to enhance liquidity, providing $10 million immediately, and to support strategic growth in the digital and livestreaming direct-to-consumer business. The company expects the timing to be optimal for this financing move, allowing it to capitalize on attractive market opportunities.
Xcel Brands, Inc. (NASDAQ: XELB) has announced a delay in releasing its 2020 financial results and Form 10-K due to incomplete audits. The company expects to file its Form 10-K by April 22, 2021. A significant impairment charge of approximately $13 million will be recorded for the Judith Ripka brand trademarks, attributed to setbacks in implementing its retail strategy amidst the COVID-19 pandemic. The company is focused on its media and consumer products business across various brands including Isaac Mizrahi and Halston.
Xcel Brands, Inc. (NASDAQ: XELB) has announced the rescheduling of its fourth quarter 2020 financial results, now set to be released after market close on April 15, 2021. A conference call will follow at 5:00 p.m. Eastern Time, accessible via a live webcast on Xcel’s Investor Relations website. Xcel Brands is a media and consumer products company known for its design and marketing of branded apparel, footwear, and home goods, having generated over $3 billion in retail sales through live streaming.
Xcel Brands, Inc. (NASDAQ: XELB) will announce its fourth quarter 2020 financial results on April 13, 2021, post-market. The company will host a conference call at 5:00 p.m. ET to discuss its results, accessible via the Investor Relations section of its website or through a dial-in option. Xcel specializes in the design, marketing, and sales of consumer products across various channels, including live streaming, and has generated over $3 billion in retail sales. The call replay will be available for two weeks.
Xcel Brands, Inc. (NASDAQ: XELB) announced an agreement to acquire the LOGO™ brand by Lori Goldstein, aiming for growth through a multi-channel approach including e-commerce and live streaming. LOGO has generated over $1.5 billion in retail sales since its inception in 2009 and offers a range of women’s fashion categories. This acquisition is expected to enhance Xcel's brand portfolio and drive significant growth opportunities. Both parties emphasize a shared vision for expanding distribution and tapping into consumer preferences for style and individuality.
Longaberger has appointed Scott Halversen as President of Sales as of February 2021, aiming to enhance the social commerce landscape for female entrepreneurs. He brings over 25 years of experience from notable companies like Rodan + Fields and Tupperware Brands, historically achieving growth targets for divisions with revenues from $100M to $850M. Under his leadership, the brand anticipates a 100% increase in its community of Home & Lifestylist Influencers within the next year. The recent launch of Longaberger LIVE enhances customer experience through live video shopping.
Longaberger, a renowned American home goods brand, has launched Longaberger LIVE, a live streaming platform for shopping and education. This innovative initiative aims to enhance the customer experience by integrating live video shopping with popular hosts and influencers. The first event is set for February 8, 2021, featuring exclusive offers and a chance to win a $500 gift card. CEO Robert W. D'Loren anticipates a 25-33% increase in monthly sales from these live shows, leveraging proven sales strategies and a partnership with interactive video shopping provider Bambuser.
Xcel Brands, Inc. (NASDAQ: XELB) reported third-quarter revenues of $7.4 million, a 46% increase from Q2 but a decline of $3.5 million year-over-year due to COVID-19 impacts. Operating costs fell by over $1 million compared to the previous year, and gross profit margins improved from 73% to 83%. The GAAP net loss was $0.5 million ($0.02 per share), while non-GAAP net income was $0.8 million ($0.04 per share). For the nine months ending September 30, total revenues were $22 million, a decline of $8.4 million, with a GAAP net loss of $2.6 million, compared to a profit last year.
Xcel Brands, Inc. (NASDAQ: XELB) announced that it will release its third quarter 2020 financial results after market hours on November 12, 2020. A conference call will be held at 5:00 p.m. ET that same day, allowing the investment community to engage with the company. A live webcast will be available on Xcel's Investor Relations site, and a replay will be accessible for two weeks post-event. Xcel Brands is involved in designing and marketing a variety of consumer products while managing brands such as Isaac Mizrahi, Judith Ripka, and Halston.
Xcel Brands, Inc. (NASDAQ: XELB) announced it will report its second quarter 2020 financial results on August 20, 2020, after market close. This report was rescheduled from August 18, 2020. Following the release, the Company will hold a conference call at 5:00 p.m. ET to discuss the results and answer questions from the investment community. A live webcast will be available on Xcel's Investor Relations website, and a replay will be accessible for two weeks thereafter.