Xcel Brands (XELB) Tops Q2 EPS by 4c

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Go back to Xcel Brands (XELB) Tops Q2 EPS by 4c

Xcel Brands, Inc. Announces Second Quarter 2023 Results

August 10, 2023 4:45 PM EDT

Successful restructuring plan transforms Xcel Brands into a modern, asset light consumer products and livestream/social commerce platform, realizing $13 million in annualized cost savings.Executed Master licenses for Judith Ripka, Halston and C Wonder brands with Jewelry TV (JTV), G-III Apparel Group and One Jeanswear Group, respectively.Revenues of $6.8 million for the quarter, an increase of $0.7 million (+12.1%) and $2.7 million (+66.8%) as compared to the quarters ended March 31, 2023, and December 31, 2022,... More