a.k.a. Brands Holding Corp. reported its financial results for the first quarter of 2025, showcasing a notable increase in net sales. The company achieved a 10.1% rise in net sales, reaching $128.7 million, compared to $116.8 million in the first quarter of 2024. On a constant currency basis, net sales grew by 12.3%. In the U.S., net sales saw a more significant increase of 14.2% compared to the same period in the previous year. The company reported a net loss of $8.4 million for the first quarter of 2025, which is a slight improvement from the net loss of $8.9 million in the first quarter of 2024. Adjusted EBITDA showed a positive trend, increasing to $2.7 million from $0.9 million year-over-year. The gross margin improved to 57.2%, up from 56.2% in the first quarter of 2024, driven by an increase in full-price sales and a better inventory position. However, selling expenses rose to $38.2 million, up from $34.2 million, primarily due to the opening of additional stores. The results reflect a strong start to the year for a.k.a. Brands, marking the fourth consecutive quarter of growth, supported by strategic initiatives and disciplined execution across its portfolio of fashion brands. The company also noted a 7.8% growth in active customers on a trailing twelve-month basis compared to the first quarter of 2024.
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