IMedia Brands, Inc. Provides Consolidated Earnings Guidance for the Fourth Quarter and Year Ended January 29, 2022 and Reiterates Guidance for the Year 2022
2021 full year consolidated net sales are expected to be $547 million, a 20% increase over full year 2020. Full year 2021 expected net loss is expected to be approximately $22.0 million or $1.15 per common share, compared to a net loss of $13.2 million or $1.23 per common share for the same prior-year period.
The company reiterates its 2022 guidance as originally provided on November 17, 2021. For the full year 2022, the company anticipated reporting revenue of approximately $675 to $725 million.