- Digital Brands Group Inc DBGI expects FY23 revenue of $45 million - $50 million.
- The company sees FY23 EBITDA of $2 million - $3 million due to shared services operating leverage.
- Digital Brands multi-brand website recorded a 436% increase in e-commerce revenue during its Black Friday/Cyber Monday promo period versus the same period a year ago.
- "Our 2023 revenue guidance includes the addition of Sundry to our brand portfolio with minimal benefit from cross merchandising and the addition of Sundry to our multi-brand website, the Bailey Shop," said CEO Hil Davis.
- Digital Brands offers a wide variety of apparel through numerous brands on both direct-to-consumer and wholesale basis.
- Price Action: DBGI shares are trading higher by 6.86% at $4.05 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
