a.k.a. Brands Stock Jumps Over 16% Pre-Market: Here's Why
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Shares of a.k.a. Brands Holding Corp. (NYSE: AKA) rose 16.48% in pre-market trading to $13.85 after a strong first-quarter report. Net sales increased 3.0% year-over-year to $132.5 million, exceeding the $131.18 million estimate. The net loss per share improved to $0.66 from $0.78, beating the expected loss of $0.97. For Q2, the company forecasts net sales between $160 million and $164 million and adjusted EBITDA of $8.5 million to $9 million, along with an upward revision of its full-year guidance.
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