a.k.a. Brands Q1 sales rise 10.1 percent driven by U.S. growth
Culture Kings store Credits: Culture Kings a.k.a. Brands reported a strong start to the year with net sales increasing by 10.1 percent to 128.7 million dollars in the first quarter of 2025. The growth was primarily driven by a 9.2 percent increase in the number of orders, with significant strength in the U.S. market, where net sales rose by 14.2 percent. The company's active customer base also saw healthy expansion, growing by 7.8 percent over the trailing twelve months. While the company reported a net loss of 8.4 million dollars, or 78 cents per share, this represents an improvement from the net loss of 8.9 million dollars, or 85 cents per share, in the first quarter of 2024. Additionally, a.k.a. Brands' adjusted EBITDA increased to 2.7 million dollars. "We delivered a strong start to the year, with outstanding first-quarter performance driven by our team’s disciplined execution across our brands. This marks our fourth consecutive quarter of growth, underscoring the effectiveness of our strategic initiatives," said Ciaran Long, chief executive officer. "As we approach the evolving trade environment impacting our U.S. business, we are confident that our strategic actions, swift execution and flexible business model will enable us to navigate this period and emerge even stronger," Long added. Looking ahead, a.k.a. Brands has provided a positive outlook for fiscal year 2025, projecting net sales between 600 million dollars and 610 million dollars and adjusted EBITDA between 24 million dollars and 27.5 million dollars.
a.k.a. Brands reported a strong start to the year with net sales increasing by 10.1 percent to 128.7 million dollars in the first quarter of 2025.
The growth was primarily driven by a 9.2 percent increase in the number of orders, with significant strength in the U.S. market, where net sales rose by 14.2 percent. The company's active customer base also saw healthy expansion, growing by 7.8 percent over the trailing twelve months.
While the company reported a net loss of 8.4 million dollars, or 78 cents per share, this represents an improvement from the net loss of 8.9 million dollars, or 85 cents per share, in the first quarter of 2024. Additionally, a.k.a. Brands' adjusted EBITDA increased to 2.7 million dollars.
"We delivered a strong start to the year, with outstanding first-quarter performance driven by our team’s disciplined execution across our brands. This marks our fourth consecutive quarter of growth, underscoring the effectiveness of our strategic initiatives," said Ciaran Long, chief executive officer.
"As we approach the evolving trade environment impacting our U.S. business, we are confident that our strategic actions, swift execution and flexible business model will enable us to navigate this period and emerge even stronger," Long added.
Looking ahead, a.k.a. Brands has provided a positive outlook for fiscal year 2025, projecting net sales between 600 million dollars and 610 million dollars and adjusted EBITDA between 24 million dollars and 27.5 million dollars.
