XCEL BRANDS, INC. (NASDAQ:XELB) Files An 8-K Entry into a Material Definitive AgreementItem 2.02
On August 9, 2017, the Registrant issued a press release announcing its financial results for the fiscal quarter and six months ended June 30, 2017. As noted in the press release, the Registrant has provided certain non–U.S. generally accepted accounting principles (“GAAP”) financial measures, the reasons it provided such measures and a reconciliation of the non–U.S. GAAP measures to U.S. GAAP measures. Readers should consider non–GAAP measures in addition to, and not as a substitute for, measures of financial performance prepared in accordance with U.S. GAAP. A copy of the Registrant’s press release is being furnished hereto as Exhibit 99.1 and is incorporated herein by reference.
| Item 2.02 | Financial Statements and Exhibits. |
| 99.1 | Press Release of XCel Brands, Inc. dated August 9, 2017. |
XCel Brands, Inc. ExhibitEX-99.1 2 v472933_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE XCEL BRANDS ANNOUNCES SECOND QUARTER 2017 FINANCIAL RESULTS Company Expanding its Presence in Dillard’s Second Quarter Net Revenues of $8.4 Million Second Quarter GAAP Net Income of $0.2 Million Second Quarter Non-GAAP Net Income of $1.5 Million; Adjusted EBITDA of $2.3 Million NEW YORK,…To view the full exhibit click here
About XCEL BRANDS, INC. (NASDAQ:XELB)
Xcel Brands, Inc. is a brand development and media company. The Company is engaged in the design, production, licensing, marketing, and direct to consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of consumer lifestyle brands. The Company’s brand portfolio consists of the Isaac Mizrahi, Judith Ripka, H Halston, C Wonder and Highline Collective brands. The Company also manages and designs the Liz Claiborne New York brand (LCNY Brand). Isaac Mizrahi has over 150 different product categories, including sportswear, footwear, handbags, watches, eyewear, fragrance, tech accessories, intimates, bridal gowns and accessories, pet products, home and other merchandise. The Company’s Judith Ripka is a luxury jewelry brand. Wonder brand offers women’s clothing, footwear, jewelry and accessories; housewares, and home decor and gifts. The Liz Claiborne New York includes women’s apparel, footwear, outerwear and accessories.