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The latest announcement is out from aka Brands Holding Corp ( (AKA) ).
a.k.a. Brands Holding Corp. announced the appointment of Ciaran Long as Chief Executive Officer and Kevin Grant as Chief Financial Officer, both effective January 13, 2025. The company also reported strong preliminary financial results for the fourth quarter and fiscal year 2024, with net sales increasing 6.8% in Q4 and U.S. sales rising by 21.6%. Adjusted EBITDA expectations for the fourth quarter were raised to between $6.0 million and $6.2 million, indicating positive business momentum and growth opportunities.
More about aka Brands Holding Corp
a.k.a. Brands Holding Corp. is a portfolio of next-generation fashion brands aimed at Gen Z and millennial consumers, offering exclusive merchandise and creating inspiring social content. It leverages its retail platform to accelerate growth and enhance profitability for brands such as Princess Polly, Culture Kings, mnml, and Petal & Pup.
YTD Price Performance: -9.46%
Average Trading Volume: 9,292
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $178.2M
See more insights into AKA stock on TipRanks’ Stock Analysis page.
