a.k.a. Brands Projects Q3 2024 Net Sales Of $141M-$145M Vs $135.38M Est., Adjusted EBITDA Of $6M-$7M, And 10.6M Diluted Shares; FY 2024 Net Sales Of $560M-$565M, Adjusted EBITDA Of $20M-$22M, And 10.6M Diluted Shares
Portfolio Pulse from Benzinga Newsdesk
a.k.a. Brands has projected its Q3 2024 net sales to be between $141M and $145M, surpassing the estimated $135.38M. The company also expects an adjusted EBITDA of $6M-$7M and 10.6M diluted shares. For FY 2024, net sales are projected to be $560M-$565M with an adjusted EBITDA of $20M-$22M and 10.6M diluted shares.
August 07, 2024 | 9:55 pm
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POSITIVE IMPACT
a.k.a. Brands has provided a positive outlook for Q3 2024 and FY 2024, with net sales projections surpassing estimates. This indicates strong performance and potential growth.
The company's projections for Q3 2024 net sales exceed market estimates, indicating strong performance. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100