US' a.k.a. Brands projects net sales of $575-$605 mn in 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.

Fibre2Fashion News Desk (DP)