Xcel Brands Stock Price, News & Analysis

HSN has launched an exclusive ready-to-wear apparel line, C. Wonder by Christian Siriano, featuring sizes from XS to 3X, reinforcing its commitment to inclusive sizing. The collection, created in collaboration with fashion designer Christian Siriano, aims to provide styles that suit all women, priced between $40 and $150. Siriano will act as the Creative Director and public face of the brand. The collection includes over 25 styles, emphasizing pop culture trends and classic feminine designs. Customers can shop the new line exclusively on HSN starting March 10, 2023, with a full launch on March 30, 2023.

Halston, a division of Xcel Brands (NASDAQ:XELB), has announced a new collaboration with Australian luxury brand Homebodii. This 12-piece capsule collection, launching on November 30, combines Halston's iconic style with Homebodii's effortless designs. Prices range from $89.95 to $189. The partnership is the first under new creative director Ken Downing and aims to reflect Halston’s chic heritage while appealing to modern consumers.

Xcel Brands, Inc. (NASDAQ: XELB) reported third-quarter financial results for 2022, revealing total revenues of $4.5 million, a 60% decrease year-over-year. The company experienced a net loss of $4.0 million, or $(0.21) per share, compared to a net loss of $1.1 million in the same quarter last year. Year-to-date revenues reached $21.7 million, down $8.1 million, attributed to lower licensing and wholesale apparel sales. Despite these challenges, Xcel announced new on-air talent appointments and plans to launch products in Spring 2023, aiming to leverage its livestreaming business.

Xcel Brands (NASDAQ: XELB) will report its third quarter 2022 financial results on November 14, 2022. A conference call for the investment community is scheduled for 10:00 a.m. ET on November 15, where the company will discuss its financial performance and future outlook. Interested parties can access the call via a webcast on Xcel's Investor Relations page or by dialing in directly. Xcel specializes in media and consumer products, owning several brands and pioneering an omni-channel sales strategy.

Xcel Brands (NASDAQ: XELB) announced the launch of C. Wonder by Christian Siriano, appointing the acclaimed fashion designer as its Creative Director. This brand aims to enhance Xcel's live-selling ecosystem and engage directly with consumers. Mr. Siriano, known for his celebrity clientele and innovative designs, will maintain his own collection while introducing modern ready-to-wear and accessories for C. Wonder. The strategic investment in livestreaming technology positions Xcel as a leader in the interactive TV market, contributing to its ongoing success in branded consumer products.

Xcel Brands reported a second quarter 2022 GAAP net income of $9.5 million, or $0.48 per diluted share, despite a non-GAAP net loss of $3.6 million.

The company recognized a $20.6 million gain from selling a majority interest in the Isaac Mizrahi brand, using 65% of proceeds to eliminate $4.5 million in debt. Revenue was $8.5 million, a 21% decrease from the prior year, driven by declining wholesale sales and lower licensing revenue due to the Mizrahi sale. Despite ongoing supply chain challenges, Xcel's balance sheet improved with no debt and $10.9 million in cash.

Xcel Brands, Inc. (NASDAQ: XELB) will report its second quarter 2022 financial results on August 15, 2022, before markets open. A conference call is scheduled for the same day at 11:00 a.m. ET, which will be accessible via webcast on their Investor Relations website. Xcel Brands specializes in media and consumer products, including branded apparel and accessories, and has generated over $3 billion in retail sales through live streaming and digital channels. Founded in 2011, Xcel is focused on integrating shopping, entertainment, and social media.

Xcel Brands has appointed Ken Downing as Creative Director of the Halston brand, effective August 1, 2022. Downing, known for his influential role at Neiman Marcus, will lead Halston's creative direction and engage customers through livestream sessions. This strategic move aims to strengthen Xcel's position in the fast-growing retail livestreaming marketplace. Xcel Brands, a leader in media and consumer products, focuses on direct-to-consumer sales and innovative livestreaming technology.

Xcel Brands, Inc. (NASDAQ: XELB) has announced that WHP Global will acquire a controlling 70% interest in the Isaac Mizrahi fashion brand for $68 million. The deal includes $46.2 million in cash to Xcel, which retains a 30% minority interest. Xcel will continue managing the QVC business and has entered a new license agreement for designing and distributing Isaac Mizrahi apparel in the US and Canada. This transaction marks a significant milestone, leaving Xcel debt-free with over $17 million in cash and $22 million in working capital, enabling further strategic initiatives.