We are reiterating our Buy rating, $30 price target and projections for a.k.a. Brands with the company announcing 2Q25 (June) results after the close on Wednesday. We believe, on multiple channels and with multiple concepts, a.k.a. is crafting a multi-year material growth story, driven by new stores, new wholesale relationships and continued margin gains from the core Australian market and via improvements in current operations. Further, we believe these shifts will become increasingly self-evident in 2025 and beyond, and position AKA for a more premium multiple and deeper recognition by investors as one of the few organic growth stories in the specialty retailing sector. As such, we remain excited for the a.k.a. Brand 2Q results to demonstrate another round of key positives, and we reiterate our Buy rating and $30 price target for AKA.
