Alliance Entertainment Reports First Quarter Fiscal Year 2024 Financial Results
PLANTATION, Fla., Nov. 10, 2023 (GLOBE NEWSWIRE) -- Alliance Entertainment Holding Corporation (Nasdaq: AENT) (“Alliance Entertainment”, “Company”), a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, toys and collectibles, has reported its financial and operational results for the fiscal first quarter ended September 30, 2023.
- PLANTATION, Fla., Nov. 10, 2023 (GLOBE NEWSWIRE) -- Alliance Entertainment Holding Corporation (Nasdaq: AENT) (“Alliance Entertainment”, “Company”), a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, toys and collectibles, has reported its financial and operational results for the fiscal first quarter ended September 30, 2023.
- Bruce Ogilvie, Chairman of Alliance Entertainment, commented, “The first quarter of fiscal 2024 was marked by continued progress securing new partnerships, diversifying our products offerings, and investing in our operations and proprietary technology with a shift toward larger scale automation.
- Jeff Walker, Chief Executive Officer of Alliance Entertainment, added, “The first quarter saw improving stabilization in our business segments during the quarter, with support tracking from higher average selling prices and decreased operating expenses.
- Gross profit margin for the fiscal first quarter ended September 30, 2023 was 12%, up from 11% in the same period of 2022.