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Article Date: August 2019
Word Count: 149

Sequential Brands Looks Forward to Life without Martha


Net loss was $4,599,000 in the second quarter against income of $3,587,000 last year on licensing revenues that declined 20% to $26,415,000 from $33,126,000. SQBG closed on the divestiture of the Martha Stewart albatross to Marquee Brands in June, and MSLO contributed an after tax loss of $1,309,000 to the net loss against income of $1,388,000 in Q2 ’18. The next priority will be slashing operating expenses associated with the Martha and Emeril brands; SG&A ... Log in to view full article.

 


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