Equity Research Focusing on the Consumer Sector, Small Cap Consumer Research

Small Cap Consumer Research

Equity research on small cap consumer names.

Equity Research Focusing on the Consumer Sector

Small Cap Consumer Research, LLC is a leading company-sponsored equity research provider focusing on the consumer sector (apparel, brand licensing and specialty retailing segments).

Equity Bottom-Up

Abercrombie & Fitch Co Cl A / Equity Bottom-Up

<ul><li>We are reiterating our Buy rating, $25 price target and projections for a.k.a. Brands with the company announcing 2Q24 (June) results after the close on Wednesday.</li><li>While 2Q is not a highly crucial period for the company, we believe management will be able to point to material progress on multiple fronts, from continued solid top line growth at Princess Polly, Culture Kings setting up for the shift to the "test and repeat" model and adding more exclusives to the mix, and Petal & Pup leveraging strong demand for dresses and new digital marketplace relationships.</li><li>Further, we believe a.k.a. Brands is on track to open three new Princess Polly stores in 3Q24, with more on track for 2025.</li></ul>

We are reiterating our Buy rating, $25 price target and projections for a.k.a. Brands with the company announcing 2Q24 (June) results after the close on Wednesday.While 2Q is not a highly crucial period for the company, we believe management will be able to point to material progress on multiple fronts, from continued solid top line growth at Princess Polly, Culture Kings setting up for the shift to the "test and repeat" model and adding more exclusives to the mix, and Petal & Pup leveraging strong demand for dresses and new digital marketplace relationships.Further, we believe a.k.a. Brands is on track to open three new Princess Polly stores in 3Q24, with more on track for 2025.

AKA: 2Q Preview: Getting Ready for the Main Course; Reiterate Buy, $25 PT