iMedia Brands' Q4 Earnings Top Estimates; Reaffirms FY22 Outlook

  • iMedia Brands Inc IMBI reported fourth-quarter FY21 sales growth of 55% year-on-year, to $193.8 million, beating the consensus of $186.63 million.
  • Total 12-month rolling active customers grew by 55.3% Y/Y, driven by the continued strong customer growth from ShopHQ, Christopher & Banks, and the addition of the 123tv customer file.
  • The gross margin expanded 270 basis points Y/Y to 38.3%. It recorded an operating loss of $(0.3) million for the quarter against $(1.4) million in Q4 FY20.
  • Adjusted EBITDA of $15.1 million increased 79.9% Y/Y.
  • Loss per share of $(0.23) beat the consensus of $(0.25).
  • "Our demonstrated abilities to capitalize on the convergence of entertainment, advertising, and e-commerce continue to accelerate our growth opportunities," said CEO Tim Peterman.
  • The company held $13.2 million in cash and equivalents as of January 29, 2022.
  • Outlook: iMedia reaffirms FY22 sales outlook of $675 million - $725 million versus the consensus of $690.4 million.
  • It expects FY22 adjusted EBITDA of about $50 million - $60 million. The company anticipates reporting positive quarterly EPS beginning in the back half of 2022.
  • For Q1, the company sees sales growth of 38% to $156 million (consensus $155.93 million) and adjusted EBITDA of about $9 million.
  • Price Action: IMBI shares closed higher by 0.76% at $6.60 on Monday.

Posted In: BriefsEarningsNewsGuidanceGeneral

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.