a.k.a. Brands Q1 net sales surge 115.6% to $148.3M; adjusted EBITDA $10.7M

A.K.A. BRANDS HOLDING CORP.

2022-Q1 EPS reported $0.01 revenue$148,319,000

Net sales $148.3M (+115.6% YoY); pro-forma growth of 23.6% excluding Culture Kings.
Net income $1.5M ($0.01 EPS); adjusted net income $2.0M ($0.02 EPS).
Adjusted EBITDA $10.7M (7.2% of net sales) vs $8.3M (12.1%) in Q1 2021.
Gross margin 56.8% vs 59.0% YoY, down 220 bps on higher air freight and Culture Kings mix.
Active customers up 46% to over 3.8M pro-forma; U.S. net sales grew 54%.

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