a.k.a. Brands Holding Corp. announced its financial results for the third quarter ended September 30, 2024, reporting net sales of $149.9 million, an increase of 6.4% compared to the prior year. U.S. net sales were a significant driver of this growth, rising by 19.5% during the quarter.
The company also reported a substantial improvement in profitability, with Adjusted EBITDA reaching $8.2 million, compared to $4.7 million in the same period last year. Despite the strong operational performance, the company posted a net loss of $5.4 million, or $0.51 per share, with an adjusted loss of $0.37 per share.
Looking ahead, a.k.a. Brands provided a full-year revenue outlook for 2024 in the range of $567 million to $572 million. The company highlighted the continued expansion of its Princess Polly brand, which opened three new stores during the year, contributing to its omni-channel growth strategy.
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