Sequential Brands (SQBG) Misses Q1 EPS by 2c

Sequential Brands (NASDAQ: SQBG) reported Q1 EPS of ($0.02), $0.02 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $34 million versus the consensus estimate of $27.42 million.

Yehuda Shmidman, Sequential's Chief Executive Officer, commented, “Our 2016 fiscal year is off to a strong start with Q1 revenue up 150% from the prior year, driven by a combination of contributions from the brands acquired in 2015 and increased revenues from the balance of our portfolio. We are on track to achieve high single digit organic growth for full year 2016 and remain focused on executing our activation playbook.”

For earnings history and earnings-related data on Sequential Brands (SQBG) click here.

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