By Karen Roman
a.k.a. Brands Holding Corp. (NYSE: AKA) said second quarter net sales increased 7.8% to $160.5 million compared to $148.9 million the year prior, the fifth consecutive quarter of growth.
The number of orders rose 6.8% mainly driven by growth in the U.S., where net sales went up 14%, the company stated.
Adjusted EBITDA was $7.5 million, or 4.7% of net sales, compared to $8.0 million, or 5.4% of net sales the prior year, it said.
The company updated its fiscal outlook for 2025 and now expects net sales of $608 – $612 compared to the previous range of $600 – $610, and adjusted EBITDA of $24.5 – $27.5 compared to $24.0 – $27.5.
“As we look ahead, I’m confident that we are well positioned to continue growing awareness across our brand portfolio, capture additional market share and drive profitable growth over the near and long term,” said Ciaran Long, the company’s CEO.
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