Xcel Brands (NASDAQ: XELB) reported Q2 EPS of $0.00, $0.05 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $9.53 million versus the consensus estimate of $8.2 million.

Robert W. D'Loren, Chairman and Chief Executive Officer of Xcel commented, “We are pleased with the growth in our wholesale and e-commerce channels. Although our bottom-line results are down from last year’s first quarter, we are pleased with our results in light of the events associated with the COVID-19 pandemic. We remain vigilant over expense reductions and cash conservation so that we may emerge from this event stronger than when it started”.

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