In the US market, net sales increased by 14.2 percent. The company reported a net loss of $ 8.4 million in Q1 2024, $ 8.4 million per share, or $ 0.85 per share, or $ 0.78 per share. Adjusted Ebitda improved in $ 2.7 million, from $ 0.9 million yoy.
In Q1 2025, gross margin improved up to 57.2 percent, mainly due to full value sales and an increase in a better inventory status, partially offset by expanding wholesale efforts. Sale spends ranged from $ 34.2 million to $ 38.2 million, which was an accounting for 29.7 percent net sales, operated by the opening of the new store.
The US aka brands have reported an increase of 10.1 percent YOY in the net sales of Q1 2025, which is powered by strong American growth and better margin. Adjusted Ebitda rose to $ 2.7 million. The company opened its strongest princess Poli Store in Soho so far and planned six more in 2025. $ 600- $ 610 million in net sales in full-year guidance projects. CEO Long highlighted strong demand and strategic execution.
General and administrative expenses increased from $ 22.7 million to $ 25.7 million, which represents 20 percent of net sales, roughly due to high wages and incentive compensation. Adjusted Ebitda increased to $ 2.7 million or 2.1 percent to net sales.
During the quarter, Princess Polly opened its seventh store in Soho, which launched the company’s strongest store launch to date. There are plans to open six more stores in 2025, which aims to a total of 13 by the end of the year. The current store network exceeds revenue expectations and has a positive impact on the online sale. Additionally, the early performance indicators of Princess Poli and Petal and Puppy’s wholesale debut in the entire store fleet of Nordastrom have been encouraging, aka Brands said in a press release.
“We made a strong start for the year, with the first quarter performance run by the disciplined execution of our team in our brands. Siyran Long, Chief Executive Officer (CEO) aka Brands Holding“The important thing is that Australia and the New Zealand region recorded an increase in 6 percent net sales in the quarter, which we have shown the progress made in the last two years, especially in the Culture Kings brand, to strengthen the business. And to fulfill the quarter, benefited from strong top-rich growth and healthy gross margins, we surpassed our expectations and adjusting $ 2.7 million and $ 2.7 million Did.”
“We continued to deepen the busyness of the customer in the first quarter, gaining about 8 percent increase in our active customer base in twelve months, a clear indication of strong demand for our brands. Our omnichannel expansion plans are also on track and more than expectations,” Long said.
For the second quarter of 2025 (Q2), the company is expected to have net sales between $ 154 million and $ 158 million, with adjusted Ebitda between $ 7 million and $ 8 million with an Ebitda, between $ 7 million and $ 8 million, based on the weight number of 10.7 million.
For a full financial 2025 (FY25), aka brands estimates net sales between $ 600 million and $ 610 million and adjust Ebitda to the range of $ 24 million to $ 27.5 million. The Outlook also includes capital expenditure (CAPEX) of approximately $ 12 million to $ 14 million and it considers a weighted average thin share count of 10.8 million. These estimates are factors in the estimated impact of tariffs made during 2025.
“As we contact the developed business environment affecting our American business, we believe that our strategic actions, Swift execution and flexible business models will enable us to navigate this period and to strengthen this period. Importantly, we look at the solid demand trends in the first six weeks of the second quarter, we are committed to our attitude and long-term to our perspectives for the year. Competition, ”concluded for a long time.
Fibre2fashion news desk (sg)
