iMedia Brands (IMBI) Tops Q2 EPS by 1c

iMedia Brands (NASDAQ: IMBI) reported Q2 EPS of ($0.22), $0.01 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $113.4 million versus the consensus estimate of $121 million.

GUIDANCE:

iMedia Brands sees FY2021 revenue of $502 million, versus the consensus of $497 million.

• For Q3 2021, the Company anticipates reporting at least $9 million of adjusted EBITDA and approximately $127 million in net sales, which is approximately 17% growth in net sales compared to the same prior year period.
• For the full year 2021, the Company anticipates reporting full year adjusted EBITDA between $37 and $40 million, which is an increase from its previous guidance range of between $35 and $37 million. In addition, the Company anticipates reporting full year net sales of approximately $502 million, which is a $12 million increase from management’s Q1 guidance.

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

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