NYSE$AKA

a.k.a. Brands Holding · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

a.k.a. Brands experienced a decrease in net sales and a net loss in Q4 2022, impacted by lower marketing effectiveness and strategic decisions to reduce spending and tighten inventory.

a.k.a. Brands reported a decrease in net sales by 18.3% to $149.1 million and a net loss of $(173.9) million for the fourth quarter of 2022. The company's performance was affected by a promotional environment and strategic decisions to reduce marketing spend and tighten inventory.

  • Net sales decreased 18.3% to $149.1 million compared to Q4 2021.
  • Net loss was $(173.9) million, including a non-cash impairment charge of $173.8 million.
  • Adjusted EBITDA was $6.1 million, or 4.1% of net sales, compared to $16.1 million in Q4 2021.
  • The company is focusing on omnichannel initiatives, including a Princess Polly store and wholesale testing, for future growth.

Headline financials

Total Revenue

$149M

Previous: $182M-18.3%
EPS (adj)

-$0.36

Previous: $0.36-200.0%
Gross Margin

53.0%

Previous: 55.0%-3.6%
Adjusted EBITDA Margin

4.0%

Previous: 8.8%-54.5%
Active Customers

3.8

No prior period
Average Order Value

$77.00

No prior period
Capital Expenditures

$5.8M

Previous: $3.02M+92.1%
Free Cash Flow

$5.3M

Previous: $318K+1566.0%
Net Income

-$174M

Previous: $23K-756169.6%
Operating Income

-$176M

Previous: $5.26M-3440.7%
Gross Profit

$78.7M

Previous: $99.5M-20.9%
Cash & Equivalents

$46.3M

Previous: $38.8M+19.4%
Total Assets

$510M

Previous: $688M-25.9%
Stock-Based Comp

$2.28M

Previous: $1.33M+71.7%

Revenue & EPS history

a.k.a. Brands · Revenue · Quarterly

$149M

Q4 2022-18.3%vs Q4 2021
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

For the full year fiscal 2023, the Company expects net sales between $570 million and $600 million and Adjusted EBITDA between $35 million and $37 million. For the first quarter of 2023, the Company expects net sales between $113 million and $116 million and Adjusted EBITDA between $1.5 million and $1.8 million.

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 Q4 2022

Historical avgQ4 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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