Xcel Brands Stock Price, News & Analysis

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.

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.