a.k.a. Brands Holding Q4 2023 Adj EPS $(0.310) Beats $(0.470) Estimate, Sales $148.912M Miss $154.142M Estimate
Portfolio Pulse from Benzinga Newsdesk
a.k.a. Brands Holding (NYSE:AKA) reported Q4 2023 adjusted EPS of $(0.310), surpassing the $(0.470) estimate. However, their sales of $148.912M fell short of the $154.142M estimate, marking a 0.14% decrease from the previous year.
March 07, 2024 | 9:14 pm
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a.k.a. Brands Holding reported better-than-expected Q4 2023 EPS but missed sales estimates, with a slight year-over-year decrease.
While the EPS beat is positive, the miss on sales estimates and the slight year-over-year decrease could temper investor enthusiasm. The mixed results present a neutral outlook in the short term as investors weigh the better-than-expected earnings against the slight sales disappointment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100