a.k.a. Brands reports Q3 EPS (51c), consensus (20c)

Reports Q3 revenue $149.9M, consensus $143.1M. Reports Q3 Active Customer Growth of 14.1% y/y on a trailing 12-month basis. “I’m proud that we delivered another strong quarter, exceeding top and bottom-line expectations, while further advancing our strategic growth initiatives,” said Ciaran Long, Interim CEO. “We grew net sales to ~$150 million, a 6.4% increase year over year, fueled by particularly strong performance in the U.S. market where sales grew 19.5% to $100 million. Importantly, we delivered adjusted EBITDA of over $8 million, which is an impressive 75% increase compared to last year. Our strong third quarter performance reflects our teams’ unwavering commitment to building next-generation brands and executing at the highest level to drive growth and profitability. In addition to the strength across our brands’ direct to consumer channels, our omnichannel expansion initiatives are gaining momentum, further increasing our brand reach. Princess Polly has opened three stores in San Diego, Scottsdale and Boston this year, and as previously announced, Princess Polly is expected to open its first New York City store in Soho early next year. Additionally, we’re thrilled that Petal & Pup has expanded into 40 Nordstrom stores based on the success of Petal & Pup’s performance on Nordstrom.com. As we look ahead, we are well-positioned for continued profitable growth, and I’m confident in our ability to execute and deliver sustainable long term shareholder value.”