iMedia Brands, Inc. provided consolidated earnings guidance for the fourth quarter and year ended January 29, 2022. Fourth quarter consolidated net sales are expected to be at least $190 million, an increase of at least $65 million compared to same prior-year period. Net loss is expected to be approximately $5.0 million or $0.23 per common share, compared to the same prior-year period net loss of $2.7 million or $0.21 per common share.

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.