×
60 950
Fashion Jobs
BLOOMINGDALE'S
Registry Consultant, Full Time - Short Hills
Permanent · Millburn
MACY'S
Asset Protection Detective, Walnut Creek Broadway Plaza - Full Time
Permanent · Walnut Creek
MACY'S
Asset Protection Detective, Valley Fair - Full Time
Permanent · Santa Clara
MACY'S
Asset Protection Detective, Valencia Town Center - Full Time
Permanent · Santa Clarita
MACY'S
Asset Protection Detective, Pentagon City - Part Time
Permanent · Arlington
MACY'S
Asset Protection Detective, Deerbrook Mall - Full Time
Permanent · Humble
MACY'S
Asset Protection Detective, Orland Square - Part Time
Permanent · Orland Park
ROSS STORES
Senior Manager, Fixture Quality
Permanent · Dublin
OLD NAVY
District Manager - Colorado South
Permanent · Lakewood
OLD NAVY
General Manager - Shops at Stonewall
Permanent · Gainesville
NORDSTROM
Assistant General Manager - Ruscello - South Coast Plaza
Permanent · Costa Mesa
MACY'S
Asset Protection Detective, South Shore Plaza - Full Time
Permanent · Braintree
TJX COMPANIES
Product Manager
Permanent · Framingham
HOMEGOODS
70118-lp Detective
Permanent · Raleigh
TJ MAXX
District Loss Prevention Manager - Los Angeles, ca
Permanent · Culver City
TJX COMPANIES
Loss Prevention Investigator (National Task Force) - Deptford, nj
Permanent · Deptford
TJ MAXX
Warehouse Supervisor
Permanent · University Park
TJX COMPANIES
Product Manager
Permanent · Framingham
TJ MAXX
Loss Prevention Detective
Permanent · Somerville
TJ MAXX
tj Maxx Loss Prevention Detective Full-Time
Permanent · Denver
TJ MAXX
Loss Prevention Detective
Permanent · Boston
LULULEMON
Store Business Lead | Garden State Plaza
Permanent · Paramus
Published
Nov 5, 2016
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Sequential Brands third quarter and year-to-date revenue jump, updates full year outlook

Published
Nov 5, 2016

Sequential Brands Group on Thursday released its third quarter results and updated its financial outlook for fiscal year 2016.
 



Third quarter total revenue increased 83% to $42.0 million from $23.0 million, net income was $1.3 million, or $0.02 per diluted share, compared to $2.7 million, or $0.06 per diluted share, in the previous third quarter, and adjusted EBITDA was $24.9 million compared to $15.7 million in the prior year.
 
Yehuda Shmidman, Sequential's Chief Executive Officer, commented, "Our business activation team is executing and our portfolio brand health is solid, driven by strong contributions from our core brands Jessica Simpson, William Rast and Heelys, as well as from recently acquired brands including Joe's Jeans, Martha Stewart, Chef Emeril and Gaiam.”

Total revenue for the nine months ended on September 30, 2016 jumped 94% to $110.1 million and net income was $0.2 million compared to $2.8 million in the prior third quarter. Net income was $9.6 million on a non-GAAP basis, and the adjusted EBITDA was $58.9 million compared to $36.1 million in 2015.
 
Shmidman added, “Looking ahead, we will invest in strategic areas that we believe are essential to our long term growth.  These include building on our international momentum, expanding our digital presence by aligning with e-commerce partners that can significantly propel our brands forward, and continuing to invest in our brands to develop products and support key partnerships so that they remain at the top of consumers' minds."
 
Sequential in October also entered into an agreement with Guirenniao Co., Ltd to launch the And1 basketball brand in China. The first collection will launch in 2017, and women’s apparel and footwear will launch in 2018.
 
For fiscal year 2016, Sequential Brands now expects GAAP net income to range between $7.7 million and $11.0 million and for adjusted EBITDA to range from $83 million to $88 million. The company also expects its fiscal year 2017 revenue to land between $175 million and $180 million, GAAP net income to be between $22.1 million and $25.4 million, and for adjusted EBITDA to be between $100 million and $105 million.

Copyright © 2022 FashionNetwork.com All rights reserved.