Insights
- US-based company a.k.a. Brands Holding Corp has raised its FY23 outlook, expecting net sales of $575-$605 million and adjusted EBITDA of $36-$38 million.
- For the second quarter of FY23, the company projects net sales of $137-$140 million and adjusted EBITDA of $5.5-$6 million.
- Both periods anticipate a weighted average diluted share count of 130 million.
US firm a.k.a. Brands Holding Corp has provided its outlook for fiscal 2023 (FY23), projecting net sales between $575 million and $605 million. The company also expects adjusted EBITDA in the range of $36 million to $38 million, with a weighted average diluted share count of 130 million for FY23.
For the second quarter (Q2) of FY23, the company anticipates net sales in the range of $137 million to $140 million and adjusted EBITDA between $5.5 million and $6 million. Furthermore, the firm expects a weighted average diluted share count of 130 million for the quarter, a.k.a Brands said in a press release.
“As we look ahead, we believe that key to building durable next-generation brands is to be everywhere our customers are. While direct to consumer remains our priority, we are excited by the initial results of our omnichannel initiatives across our brands. We remain laser focused on our growth initiatives, as well as strengthening our balance sheet. We are confident in our ability to deliver both growth and profit over the long-term, and plan to continue to pay down our debt as the year progresses,” said Ciaran Long, interim chief executive officer and chief financial officer of a.k.a. Brands.
US-based company a.k.a. Brands Holding Corp has raised its FY23 outlook, expecting net sales of $575-$605 million and adjusted EBITDA of $36-$38 million.
For the second quarter of FY23, the company projects net sales of $137-$140 million and adjusted EBITDA of $5.5-$6 million.
Both periods anticipate a weighted average diluted share count of 130 million.
Fibre2Fashion News Desk (DP)
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