iMedia Brands (IMBI) Reports Q1 Loss of $0.21/sh

iMedia Brands (NASDAQ: IMBI) reported Q1 EPS of ($0.21), versus ($0.82) reported last year. Revenue for the quarter came in at $113.2 million, versus $95.8 million reported last year.

Increased Outlook:

For Q2 2021, the Company anticipates reporting at least $8 million of adjusted EBITDA and approximately $121 million in revenue, which is roughly a 3% decline in revenue compared to the same prior year period due to the prior year period’s unusually high revenue performance.

For the full year 2021, the Company anticipates reporting full year adjusted EBITDA between $35 and $37 million, which is an approximate $7 million increase from the Company’s previous guidance. In addition, the Company anticipates reporting full year revenue of at least $490 million, which is an 8% increase compared to 2020. This is primarily driven by ShopHQ’s new 20+ million HD homes launching in late June and the growth of Christopher & Banks.

For earnings history and earnings-related data on iMedia Brands (IMBI) click here.

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