iMedia brands reports third quarter 2021 results, increases 2021 guidance
iMedia Brands, Inc. (the “Company” or “IMBIL”) (NASDAQ:IMBI) today announced results for the third quarter ended October 30, 2021
MINNEAPOLIS,MN – November 17, 2021 – iMedia Brands, Inc. (the “Company” or “IMBIL”) (NASDAQ:IMBI) today announced results for the third quarter ended October 30, 2021.
“Our mission is to capitalize on the accelerating marketplace convergence of entertainment, ecommerce and advertising,” said Tim Peterman, CEO of IMBI. “Our strong third quarter performance and the successful closing of our 123tv acquisition are tangible examples that our progress continues.”
Third Quarter 2021 Summary & Recent Highlights
· Net sales were $130.7 million, an increase of 20% compared to the same prior-year period and the best year-over-year quarterly revenue growth in over ten years. During the quarter, the Company launched 25+ new brands across its televisionnet works ShopHQ, ShopBulldogTV and ShopHQHealth.
