earnings
confidence high
sentiment negative
materiality 0.75
a.k.a. Brands Q2 preliminary net sales $158.5M, net loss $4.2M; lowers FY outlook
A.K.A. BRANDS HOLDING CORP.
2022-Q2 EPS reported
-$0.02
revenue$306,790,000
- Net sales ~$158.5M, up 6% YoY (11% constant currency), below expectations.
- Expected net loss ~$4.2M; adjusted EBITDA ~$5.9M.
- Active customers up 34% LTM; U.S. net sales up 16% YoY.
- CEO cites inflation, promotional environment, and lower marketing ROI as headwinds.
- Full-year FY2022 outlook to be revised on August 10 earnings call.