NYSE$AKA
a.k.a. Brands Holding · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
a.k.a. Brands' first quarter performance exceeded expectations, with a raised full-year outlook and a reduction in inventory.
a.k.a. Brands reported a decrease in net sales by 18.8% to $120.5 million, but exceeded expectations on both sales and adjusted EBITDA. The company is focused on managing the business prudently, with inventory down 7% year-over-year and 11% since the end of fiscal 2022.
- Net sales decreased by 18.8% to $120.5 million compared to the first quarter of 2022.
- Net loss was $(9.6) million or $(0.07) per share, compared to net income of $1.5 million or $0.01 per share in the first quarter of 2022.
- Adjusted EBITDA was $2.2 million, compared to $10.7 million in the first quarter of 2022.
- Inventory is down 11% from the end of fiscal 2022 and down 7% from the first quarter last year.
Headline financials
Revenue & EPS history
a.k.a. Brands · Revenue · Quarterly
$120M
Forward guidance
For the second quarter of 2023, the Company expects net sales between $137 million and $140 million and Adjusted EBITDA between $5.5 million and $6.0 million. For the full year 2023, the Company is raising its outlook and now expects net sales between $575 million and $605 million and Adjusted EBITDA between $36 million and $38 million.
Tailwinds
- Net sales between $137 million and $140 million for Q2 2023.
- Adjusted EBITDA between $5.5 million and $6.0 million for Q2 2023.
- Net sales between $575 million and $605 million for full year 2023.
- Adjusted EBITDA between $36 million and $38 million for full year 2023.
- Weighted average diluted share count of 130 million.
Headwinds
- Outlook is based on assumptions, including foreign exchange rates remaining at current levels.
- Outlook is based on assumptions, including a continued promotional environment.
- The Company has not provided a quantitative reconciliation of its Adjusted EBITDA outlook to a GAAP net income outlook.
- Reconciling items include future equity-based compensation expense, income taxes, interest expense and transaction costs.
- These items are inherently variable and uncertain and depend on various factors.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
-1.7%
Avg return
Earnings day
-0.5%
Avg return
5 days after
-3.8%
Avg return
30 days after
57%
13 / 23 earnings
Positive
+59.5%
Q1 2025
Best reaction
-38.4%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.5% | -7.6% | -19.0% | |
| Q4 2025 | -4.5% | -3.9% | +1.8% | |
| Q3 2025 | +3.3% | -1.3% | -16.0% | |
| Q1 2025 | +59.5% | +55.3% | +38.9% | |
| Q4 2024 | -13.0% | -19.5% | -10.7% | |
| Q3 2024 | -0.1% | -14.9% | -17.3% | |
| Q2 2024 | +8.5% | +19.0% | +38.5% | |
| Q1 2024 | +23.5% | +53.1% | -4.5% | |
| Q4 2023 | -14.3% | -26.1% | -19.8% | |
| Q3 2023 | -21.3% | -20.3% | +30.0% | |
| Q2 2023 | -21.7% | -30.4% | -6.2% | |
| Q1 2023 | +10.6% | +6.7% | +34.2% | |
| Q4 2022 | -38.4% | -45.4% | -68.8% | |
| Q3 2022 | +17.3% | +27.6% | +5.8% | |
| Q2 2022 | +4.1% | +19.5% | +9.7% | |
| Q1 2022 | -5.6% | +9.8% | +14.5% | |
| Q4 2019 | -32.1% | -43.6% | -41.3% | |
| Q4 2021 | -32.1% | -43.6% | -41.3% | |
| Q3 2020 | +3.1% | +10.8% | -3.1% | |
| Q2 2021 | +3.1% | +10.8% | -3.1% | |
| Q4 2020 | +3.1% | +10.8% | -3.1% | |
| Q3 2021 | +3.1% | +10.8% | -3.1% | |
| Q1 2021 | +3.1% | +10.8% | -3.1% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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