a.k.a. Brands Holding Corp. reported its financial results for the fourth quarter and full year ended December 31, 2024, on March 6, 2025. For the fourth quarter, net sales increased 6.8% to $159.0 million, with U.S. net sales growing 21.6%. The company's Adjusted EBITDA for Q4 was $6.2 million, a significant increase from $1.3 million in the prior year period, driven by a gross margin expansion to 55.9%.
For the full fiscal year 2024, net sales increased 5.2% to $574.7 million, and Adjusted EBITDA reached $23.3 million, up from $13.8 million in 2023. The company reported a net loss of $(9.4) million, or $(0.88) per share, for Q4, and a full-year net loss of $(26.0) million, or $(2.46) per share.
Looking to fiscal year 2025, a.k.a. Brands expects net sales between $600 million and $610 million, and Adjusted EBITDA between $27.5 million and $29.5 million. The outlook for the first quarter of 2025 anticipates net sales between $121 million and $124 million and Adjusted EBITDA between $1.5 million and $2.0 million, with these projections factoring in the estimated impact of tariffs enacted in February and March 2025.
The company ended 2024 with $24.2 million in cash and cash equivalents and $95.8 million in inventory. Debt totaled $111.7 million, reflecting investments in new Princess Polly stores. Cash flow provided by operations for the year was $0.7 million, a decrease from $33.4 million in 2023 due to additional inventory purchases to support U.S. growth.
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