a.k.a. Brands reports Q3 EPS (46c), consensus (38c)

Reports Q3 revenue $147.1M, consensus $154.9M. “We made meaningful progress on our strategic priorities in the third quarter,” said Ciaran Long, Chief Executive Officer of a.k.a. Brands (AKA). “We opened Princess Polly’s 11th store at The Westchester mall, expanded our wholesale partnerships, and successfully refinanced our debt, further strengthening our financial position. We also advanced the optimization of our sourcing structure, a critical initiative that will enhance resilience and flexibility across our operations. I’m pleased that we delivered adjusted EBITDA of $7 million, supported by stronger gross margins and disciplined execution. We generated third quarter net sales of $147 million, reflecting temporary disruptions to in-stock levels and fashion newness that limited our ability to fully meet customer demand. Inventory levels have since improved, and fourth quarter-to-date net sales are tracking up low single digits compared to last year. I’m proud of the progress our teams have made advancing our strategic initiatives, which position us to drive sustainable, profitable growth over the long term.”