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a.k.a. Brands Holding Corp. (NYSE:AKA) shares jumped 16.48% in pre-market trading to $13.85, following a first-quarter report that beat analyst estimates on earnings per share and prompted a guidance upgrade.
Loss Smaller Than Expected
Net sales for the period ended Mar. 31 rose 3.0% year-over-year to $132.5 million, slightly above the analyst estimate of $131.18 million.
Net loss narrowed to $0.66 per share from $0.78 a year ago, beating the consensus loss estimate of $0.97 per share by 31.96%.
For the second quarter ending Jun 30, the company guided net sales of $160–$164 million and adjusted EBITDA of $8.5–$9 million.
AKA Brands also raised its full-year …
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