Sequential Brands Group, a US-based marketer of consumer brands in the active and fashion categories, has reported decline in its revenue to $22.5 million during second quarter (Q2) FY20, ended on June 30, 2020 compared to revenue of $26.4 million in same period last year. Net loss attributable to the company were $2.7 million (Q2 FY19: $4.5 million).
Sequential Brands Group, a US-based marketer of consumer brands in the active and fashion categories, has reported decline in its revenue to $22.5 million during second quarter (Q2) FY20, ended on June 30, 2020 compared to revenue of $26.4 million in same period last year. Net loss attributable to the company were $2.7 million (Q2 FY19: $4.5 million).#
“Despite the ongoing challenges that the Covid-19 pandemic has presented, it has also demonstrated the durability of our business model and the demand for several of our core brands. While there is still much uncertainty in the macro-environment and the apparel and accessories industry, we believe that we’re on the right path forward to position the company for long-term growth,” David Con, Sequential Brands Group CEO, said in a press release.
Sequential Brands Group, a US-based marketer of consumer brands in the active and fashion categories, has reported decline in its revenue to $22.5 million during second quarter (Q2) FY20, ended on June 30, 2020 compared to revenue of $26.4 million in same period last year. Net loss attributable to the company were $2.7 million (Q2 FY19: $4.5 million).#
Operating expenses fore the quarter were $11.1 million ($13.9 million). Company’s income from the operations were $12.3 million ($12.5 million).
ALCHEMPro News Desk (JL)
marketing@alchempro.com
