Xcel Brands reports Q1 EPS (58c) vs. (88c) last year

Reports Q1 revenue $1.33M vs. $2.18M last year. Robert D’Loren, chairman and CEO of Xcel, commented, “Despite headwinds in the industry from tariffs and other external forces, I am extremely pleased with where we are headed given continued improvement in our operational cost and our recent new brand launches. The social media following of our brand portfolio has grown from 5 million to 45 million followers over the past five months. We believe this positions us well to drive new business growth and is a significant step toward our goal of reaching 100 million followers across our brands.”