bailey 44 news and archive

Digital Brands Group's Q1 revenues decline

For the first quarter, Digital Brands Group reported net revenues for the quarter declined to 3.6 million dollars negatively impacted by wholesale shipments that slipped from the end of March to the first half of April. “Despite a timing shift in our wholesale shipments, which shifted revenue from the first quarter to the second quarter, we...

Business

Digital Brands Group manages to reduce full year loss

Full year revenues at Digital Brands Group increased 6.8 percent to 14.9 million dollars excluding revenue from Harper & Jones. Gross margin increased 10.2 percent to 6.5 million dollars and gross profit margins increased to 43.9 percent. Net loss per share reduced to 10.2 million dollars or 20.46 dollars per share. "Despite lower revenue...

Business

Digital Brands Group forecasts FY24 revenue growth of upto 90 percent

Digital Brands Group has announced its initial 2024 revenue guidance of 27 million dollars to 30 million dollars, an increase of 70 percent to 90 percent against the 2023 revenue expectations. "We are excited to showcase our commitment to shareholder growth in 2024. As part of this commitment, we continue to review strategic alternatives,...

Business

Digital Brands Group posts 58.3 percent Q3 revenue growth

Net Sales at Digital Brands Group were 3.4 million dollars in the third quarter, an increase of 58.3 percent year over year. Gross profit margin was 48.3 percent versus 55.9 percent a year ago, a decrease of 7.6 percent in gross profit margin. "We are pleased to announce that we delivered strong revenue growth and continued operating leverage on...