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

Exec Edge

08 Nov 2024

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.

Contact:

Executives-Edge.com

Editor@executives-edge.com

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Brands U.S. Sales Up 20% in Q3, Shares Rise","media":"Exec Edge","content":"<html><body><p><img height=\"940\" src=\"https://s1.yimg.com/uu/api/res/1.2/Ak9ElRU4clpz19tB15d71g--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/exec_edge_220/3fe84b7498e3477b722547246c5052ac\" width=\"610\"/></p>\n<p>By Karen Roman</p>\n<p>Fashion brand accelerator <a href=\"https://laohu8.com/S/AKA\">a.k.a. 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(NYSE: AKA) said net sales rose 6.4% to $149.9 million in the third quarter, with U.S. net sales increasing 19.5%.\nAdjusted EBITDA was $8.2 million compared to $4.7 million in the same period of the year prior, it stated.\nPrincess Polly opened three stores in San Diego, Scottsdale and Boston and will open a NYC store in Soho in early 2025, it said.\n“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.\nContact:\nExecutives-Edge.com\nEditor@executives-edge.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}