a.k.a. Brands Holding Corp. (NYSE:AKA ) Q4 2024 Results Conference Call March 6, 2025 4:30 PM ET Company Participants Emily Schwartz - Head, IR & Corporate Communications Ciaran Long - Interim Chief Executive Officer and Chief Financial Officer Kevin Grant - Chief Financial Officer Conference Call Participants Ryan Meyers - Lake Street Capital Ashley Owens - KeyBanc Eric Beder - SCC Research Randy Konik - Jefferies Operator Greeting and welcome to everyone to the A.K.A Brands Holding Corporation Fourth Quarter and Fiscal 2024 Earnings Conference Call. At this time all participants are in a listen-only mode.
A.k.a. Brands (AKA) came out with a quarterly loss of $0.88 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $1.31 per share a year ago.
a.k.a. Brands (AKA) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
AKA's fourth-quarter preliminary results reveal a 6.8% revenue increase, with U.S. sales up 21.6%. Expansion in retail and omnichannel initiatives sets the stage for growth.
a.k.a. Brands (AKA) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
SAN FRANCISCO--(BUSINESS WIRE)--a.k.a. Brands Holding Corp. (NYSE: AKA), a portfolio of next generation fashion brands, today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2024. Preliminary Results for the Fourth Quarter Net sales increased 6.8% to approximately $159.0 million, compared to $148.9 million in the fourth quarter of 2023. In the U.S., net sales increased 21.6% to approximately $96.1 million, compared to $79.1 million in the fourth.
AKA Brands is experiencing accelerating US growth, with significant momentum expected from Princess Polly store openings in Class A malls. Major shareholders control 92% of shares, likely driving the need for a future sale process. AKA's innovative test-and-repeat model reduces inventory lead time, enhancing responsiveness to customer trends and minimizing fashion risk.
a.k.a. Brands Holding Corp. (NYSE:AKA ) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Emily Goldberg - Head of Investor Relations Ciaran Long - Interim Chief Executive Officer and Chief Financial Officer Conference Call Participants Ashley Owens - KeyBanc Dana Telsey - Telsey Group Operator Thank you for standing by. My name is Jill [ph] and I'll be your conference operator today.
a.k.a. Brands (AKA) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.