SEQUENTIAL BRANDS GROUP, INC. (NASDAQ:SQBG) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition.
On March 2, 2017, Sequential Brands Group, Inc. (Sequential)
issued a press release reporting its results of operations for
the fourth quarter and full fiscal year ended December 31, 2016.
A copy of the press release is furnished herewith as Exhibit 99.1
and is incorporated herein by reference.
As noted in the press release, Sequential has provided certain
nonU.S. generally accepted accounting principles (GAAP) financial
measures and a reconciliation of the nonU.S. GAAP measures to
U.S. GAAP measures. Sequential believes these non-U.S. GAAP
financial measures provide useful information to investors
because they allow for a more direct understanding of Sequentials
business. Readers should consider nonU.S. GAAP measures in
addition to, and not as a substitute for, measures of financial
performance prepared in accordance with U.S. GAAP.
The information contained herein and in the press release
furnished as an exhibit hereto shall not be deemed filed for
purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, is not subject to the liabilities of that section and is
not deemed incorporated by reference in any filing under the
Securities Act of 1933, as amended, except as shall be expressly
set forth by specific reference in such a filing. In addition,
the press release contains statements intended as forward-looking
statements which are subject to the cautionary statements about
forward-looking statements set forth in such press release.
Item 7.01. Regulation FD Disclosure
The information set forth in Item 2.02 above is incorporated
herein by reference.
Item 9.01. Financial Statements and Exhibits
| (d) | Exhibits. |
| Exhibit Number | Description | |
| 99.1 |
Press release issued by Sequential on March 2, 2017 reporting fourth quarter and full fiscal year 2016 results of operations. |
About SEQUENTIAL BRANDS GROUP, INC. (NASDAQ:SQBG)
Sequential Brands Group, Inc. owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. The Company’s portfolio of consumer brands includes Martha Stewart, Emeril Lagasse, Jessica Simpson, Joe’s Jeans, William Rast, Ellen Tracy, Revo, AND1 and Avia. The Company’s brands are licensed for a range of product categories, including apparel, footwear, eyewear, fashion accessories and home goods. The Company licenses brands to both wholesale and direct-to-retail licensees. The Company licenses the Martha Stewart brand to various licensees, including retailers, such as Macy’s, The Home Depot, PetSmart and Staples. The Jessica Simpson Collection is a signature lifestyle concept designed in collaboration with Jessica Simpson, which offers various product categories, including footwear, apparel, fragrance, fashion accessories, maternity apparel, girls clothing and a home line. The Avia brand offers running and activewear products. SEQUENTIAL BRANDS GROUP, INC. (NASDAQ:SQBG) Recent Trading Information
SEQUENTIAL BRANDS GROUP, INC. (NASDAQ:SQBG) closed its last trading session 00.00 at 3.79 with shares trading hands.
