a.k.a. Brands U.S. Sales Up 20% in Q3, Shares Rise

Exec Edge
2024-11-08

By Karen Roman

Fashion brand accelerator a.k.a. Brands Holding Corp. (NYSE: AKA) said net sales rose 6.4% to $149.9 million in the third quarter, with U.S. net sales increasing 19.5%.

Adjusted EBITDA was $8.2 million compared to $4.7 million in the same period of the year prior, it stated.

Princess Polly opened three stores in San Diego, Scottsdale and Boston and will open a NYC store in Soho in early 2025, it said.

“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, Chief Financial Officer and interim CEO.

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