Xcel Brands Q3 Loss Narrower Than Expected, Sales Tumble 28% Y/Y

Xcel Brands Inc. (XELB) delivered third-quarter 2024 results, with the bottom line faring better than the Zacks Consensus Estimate and the year-ago quarterly number. However, the year-over-year decline in revenues was a disappointment.The third quarter results reflect continued improvements in operating performance despite the industry headwinds. Growth in key retail partnerships and a strong pipeline of planned new brand launches in 2025 position the company well for future developments in the retail secto ...