8-K
filed March 9, 2023, 6:59 PM ET
ticker AKA
CIK 0001865107
earnings
confidence high
sentiment negative
materiality 0.80
a.k.a. Brands Q4 net sales -18.3%; CEO Jill Ramsey on medical leave; CFO acting CEO
A.K.A. BRANDS HOLDING CORP.
- Q4 net sales $149.1M, down 18.3% YoY; net loss $173.9M includes $173.8M non-cash impairment.
- Adjusted net loss per share ($0.03); adjusted EBITDA $6.1M vs $16.1M a year ago.
- FY2022 net sales $611.7M (+8.8%); adjusted EBITDA $31.9M vs $62.4M in 2021.
- CEO Jill Ramsey taking medical leave from March 9, 2023; CFO Ciaran Long named acting CEO.
- Omnichannel launch: first Princess Polly store in Southern California H2 2023, wholesale testing.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
A.K.A. BRANDS HOLDING CORP. reported the fiscal year ended December 31, 2022 results: revenue $611.7 million, net income $(176.7) million, EPS $(1.37) per share.
- Period
- the fiscal year ended December 31, 2022
- Revenue
- $611.7 million
- Net income
- $(176.7) million
- EPS
- $(1.37) per share
- Result
- reported results
Exact text from the filing
Net sales increased 8.8% to $611.7 million, compared to $562.2 million in 2021 or decreased 0.3% pro forma 2 adjusting for the acquisition of Culture Kings. • Net loss was $(176.7) million or $(1.37) per share in 2022
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
A.K.A. BRANDS HOLDING CORP. reported the fourth quarter ended December 31, 2022 results: revenue $149.1 million, net income $(173.9) million, EPS $(1.35) per share.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $149.1 million
- Net income
- $(173.9) million
- EPS
- $(1.35) per share
- Result
- reported results
Exact text from the filing
Net sales decreased 18.3% to $149.1 million, compared to $182.4 million in the fourth quarter of 2021; a decrease of 13% in Constant Currency 1 . • Net loss was $(173.9) million or $(1.35) per share in the fourth quarter of 2022
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Ciaran Long was appointed as acting Chief Executive Officer at A.K.A. BRANDS HOLDING CORP..
- Action
- appointed
- Role
- acting Chief Executive Officer
Exact text from the filing
On March 6, 2023, the Board appointed Ciaran Long, the Company’s Chief Financial Officer, to serve as acting Chief Executive Officer on an interim basis, effective as of March 9, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Jill Ramsey changed role as Chief Executive Officer at A.K.A. BRANDS HOLDING CORP..
- Action
- will take time to work through unforeseen medical issues
- Role
- Chief Executive Officer
Exact text from the filing
On March 6, 2023, Jill Ramsey, the Company’s Chief Executive Officer, and the Board of Directors (the “Board”) of the Company determined that Ms. Ramsey will take time to work through unforeseen medical issues, effective as of March 9, 2023.
View on SEC.gov
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