a.k.a. Brands Q2 net sales down 14.2% to $136M; net loss $5M; pays down $12.5M debt

A.K.A. BRANDS HOLDING CORP.

2023-Q2 EPS reported -$0.11 revenue$256,513,000

Net sales $136.0M, down 14.2% YoY; net loss $(5.0)M ($0.04 loss per share).
Adjusted EBITDA $5.6M (4.1% of sales) vs $5.9M (3.7% of sales) in Q2 2022.
Inventory reduced 16% since FY2022 end; paid down $12.5M of debt in quarter.
Princess Polly expands PacSun wholesale to 100 stores; first store opening in LA.
U.S. net sales down 2.8% YoY but up 12.3% on two-year stack; Australia macro pressures.

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