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.
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.
Xcel Brands, Inc. (NASDAQ: XELB) will report its second quarter 2020 financial results before market opens on August 18, 2020. A conference call for investors is scheduled for 9:00 a.m. ET, with a live webcast available on Xcel's Investor Relations website. The company is involved in designing, producing, and marketing consumer products, including apparel and accessories, through various channels. Founded in 2011 by Robert W. D'Loren, Xcel aims to integrate shopping and entertainment.
On July 30, 2020, Longaberger, a renowned American home collectibles brand, announced its transition to a new digital social selling business model under the ownership of Xcel Brands (Nasdaq: XELB). This strategy aims to create a robust social commerce community, empowering Home & Life Stylists with personalized storefronts and advanced marketing tools. For a $49 annual fee, Stylists receive marketing compensation, discounts, and recruitment bonuses. The company continues to support artisans, expanding product offerings in various categories, including decor and wellness.
Xcel Brands, Inc. (NASDAQ: XELB) reported first quarter 2020 revenues of $9.5 million, an 8% decline from the prior year, attributed to lower licensing revenues despite growth in wholesale apparel. The company recorded a GAAP net loss of $0.8 million or ($0.04) per diluted share, contrasting with a net income of $0.1 million in Q1 2019. Non-GAAP net income was approximately $0.00 per diluted share, down from $0.08 a year earlier. Adjusted EBITDA fell to $0.6 million from $2.0 million. The balance sheet remains strong with stockholders' equity at $98 million and cash of $4.2 million.
Xcel Brands, Inc. (NASDAQ: XELB) will report its first-quarter 2020 financial results on May 19, 2020, after market closure. The Company will host a conference call with the investment community at 5:00 p.m. ET, which will also be accessible via webcast on their website. Xcel is a media and consumer products firm known for managing multiple lifestyle brands, including Isaac Mizrahi and Judith Ripka. Established in 2011, it innovates in shopping and consumer engagement across various platforms.