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aka Brands Holding Corp (AKA)
NYSE:AKA
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.31Last Year’s EPS
-$1.31Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -21.88%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong performance with significant growth in the U.S. market, increased customer base, and improved profitability metrics. Retail and brand expansion efforts are proving successful. However, challenges remain in international markets and rising operational costs.Company Guidance
During the third quarter 2024 earnings call for a.k.a. Brands Holding Corp., several key metrics were highlighted by Ciaran Long, the Interim CEO and CFO. The company reported net sales growth surpassing expectations at approximately $150 million, marking a 6.4% year-over-year increase. Notably, U.S. net sales rose by 19.5%, contributing to the overall growth. The active customer base expanded by 14% year-over-year, showcasing strong customer traction. Gross margin reached 58%, the highest in three years, indicating operational efficiency. Adjusted EBITDA was over $8 million, reflecting a significant 75% increase from the previous year. The company raised its full-year outlook, projecting net sales between $567 million to $572 million, with adjusted EBITDA expected to be between $22 million and $23 million.Exceeded Sales Expectations
Net sales growth surpassed expectations, reaching approximately $150 million, a 6.4% year-over-year increase. The U.S. net sales grew by 19.5%.
Active Customer Base Growth
Achieved a 14% growth in active customer base year-over-year.
Record Gross Margin
Delivered gross margin of 58%, the highest level in the past 3 years, a 260 basis points increase from the previous year.
Significant EBITDA Improvement
Reported over $8 million in adjusted EBITDA, a 75% increase compared to the same period last year.
Successful Retail Expansion
Princess Polly opened 2 new stores and announced a new store in New York City. Petal & Pup and Princess Polly expanded their presence in Nordstrom stores.
Culture Kings Growth
Loiter, a Culture Kings' brand, achieved triple-digit revenue growth in Q3 compared to last year.
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AKA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AKA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $25.37 | $24.62 | -2.96% |
| Aug 07, 2024 | $14.47 | $16.90 | +16.79% |
| May 08, 2024 | $20.90 | $22.00 | +5.26% |
| Mar 07, 2024 | $11.93 | $10.46 | -12.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does aka Brands Holding Corp (AKA) report earnings?
aka Brands Holding Corp (AKA) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is aka Brands Holding Corp (AKA) earnings time?
aka Brands Holding Corp (AKA) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AKA EPS forecast?
AKA EPS forecast for the fiscal quarter 2024 (Q4) is -$0.31.
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