a.k.a. Brands Holding Q2 EPS $(0.04) Misses $(0.02) Estimate, Sales $136.03M Miss $138.39M Estimate
Portfolio Pulse from saritha@benzinga.com
a.k.a. Brands Holding (NYSE:AKA) reported Q2 losses of $(0.04) per share, missing the analyst consensus estimate of $(0.02) by 100%. The company also reported quarterly sales of $136.03 million, missing the estimate of $138.39 million by 1.71%. This represents a 33.33% increase in losses and a 14.16% decrease in sales compared to the same period last year.
August 09, 2023 | 8:11 pm
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a.k.a. Brands Holding reported higher than expected losses and lower than expected sales for Q2.
The company reported higher losses and lower sales than expected, which is likely to negatively impact the stock price in the short term.
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