AKA Brands Q3 net loss $70.4M, U.S. sales +2%; CEO Ramsey transitions to advisor role

A.K.A. BRANDS HOLDING CORP.

2023-Q3 EPS reported -$7.92 revenue$397,346,000

Net loss of $70.4M ($6.58/sh) vs $0.1M loss prior year; adjusted EBITDA $4.7M.
Total net sales $140.8M, down 9.6% YoY; U.S. net sales grew 2.0%.
CEO Jill Ramsey transitions to Strategic Advisor effective immediately; board conducts CEO search.
Generated positive operating cash flow of $11M; debt reduced 26% YTD; inventory down 21% YTD.
Princess Polly LA store exceeds expectations; 30% of in-store customers new to brand.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.