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. (NASDAQ: XELB) is a media and consumer products company that regularly issues news about its branded apparel, footwear, accessories, fine jewelry, home goods and other consumer products, as well as its social commerce and livestreaming activities. Founded in 2011 and headquartered in New York City, the company focuses on building and managing lifestyle brands such as Halston, Judith Ripka, C. Wonder, and Longaberger, along with creator-led collaborations including TowerHill by Christie Brinkley, Trust. Respect. Love by Cesar Millan, GemmaMade by Gemma Stafford, and Mesa Mia by Jenny Martinez.
News related to Xcel Brands often covers several key areas. Earnings releases and conference call announcements provide updates on revenues, net income or loss, non-GAAP net income, and Adjusted EBITDA, along with commentary on cost reductions, brand divestitures, and changes in licensing revenue. Capital markets updates detail public offerings, private placements, and PIPE financings, including the intended use of proceeds for brand development, working capital, and general corporate purposes.
Another major theme in XELB news is the launch and expansion of creator-led and influencer-driven brands. Press releases describe strategic partnerships with creators and product development partners, such as TSC Product Lab, to introduce new kitchenware, food, and home-focused brands that align with the company’s social commerce strategy. Governance and corporate updates, including changes in senior leadership roles and auditor appointments, are also disclosed through news and Form 8-K filings.
Investors and followers of XELB news can use this stream of announcements to track new brand launches, licensing partnerships, livestreaming initiatives, financing transactions, and the company’s evolving social commerce footprint.
Xcel Brands (NASDAQ: XELB) has appointed Heather Bogen as President of Wholesale Apparel, effective June 1, 2021. Bogen comes with nearly 30 years of experience in the fashion industry, having held leadership roles at prominent companies such as G-III Apparel Group and LVMH. CEO Robert W. D'Loren expressed confidence in her ability to drive sales and maximize opportunities for Xcel's brands. Bogen's role will focus on enhancing wholesale sales and implementing innovative strategies to support the company's growth in the apparel sector.
Xcel Brands, Inc. reported first-quarter 2021 net product sales of $3.5 million, a 35% rebound from the previous quarter. However, the company faced a net loss of $2.5 million (or ($0.13) per share) on a GAAP basis.
Adjusted EBITDA stood at $(0.9) million. Total revenue decreased to $7.8 million, down $1.7 million year-over-year, primarily due to the discontinuation of the H Halston brand licensing. Despite challenges, gross profit margins improved from 38% to 48% for product sales. The company anticipates growth in the second half of 2021.
Xcel Brands, Inc. (NASDAQ: XELB) will release its first quarter 2021 financial results on May 17, 2021, after market closure. A conference call for investors will be held at 5:00 p.m. ET on the same day, with live streaming available on Xcel's Investor Relations website. The company, founded in 2011, specializes in media and consumer products, generating over $3 billion in retail sales through interactive television. Xcel owns several notable brands including Isaac Mizrahi and Halston, aiming to integrate shopping with entertainment.
Xcel Brands, Inc. (NASDAQ: XELB) announced on April 16, 2021, that it received a delinquency notification from Nasdaq for failing to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2020. The notification does not immediately affect its stock listing. The company had to postpone its audit and financial results announcement. Nasdaq requires Xcel to submit a compliance plan within 60 days, which could grant an extension of up to 180 days to regain compliance. Xcel aims to file the 10-K report within the 60-day window.
Xcel Brands, Inc. (NASDAQ: XELB) reported a 20% increase in fourth quarter net product sales to $2.6 million, despite a net loss of $10.4 million or ($0.54) per share on a GAAP basis. For 2020, total revenue decreased to $29.4 million, down $12.3 million from the previous year, attributed mainly to the COVID-19 pandemic. However, gross profit margins improved from 75% to 81%. The company recorded a $13 million impairment charge related to the Judith Ripka brand. Adjusted EBITDA was $0.2 million for Q4 and $4.1 million for FY 2020.
Xcel Brands, Inc. (NASDAQ: XELB) is set to release its fourth quarter 2020 financial results on April 21, 2021, after market close. The company will also host a conference call for the investment community at 5:00 p.m. Eastern Time that same day. Interested participants can access the call via a live webcast on Xcel's Investor Relations page or by dialing in directly. Xcel Brands operates in the media and consumer products space, generating over $3 billion in retail sales through innovative sales strategies that integrate live streaming and various retail channels.
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.