Austin, TX, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its second quarter ended June 30, 2024. "The company paid off over $5.0 million in debt and other liabilities during the first half of this year. The Company also lowered its G&A expenses by $4.5 million during the same period. Based on conversations with strategic partners, we believe cleaning up the balance she ...

Austin, TX, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, will report financial results for the second quarter ended June 30, 2024 on Monday, August 19, 2024 at 4:30 p.m. ET. Management will host a conference call on Monday, August 19, 2024 at 5:00 p.m. ET to discuss the results. The live conference call can be accessed by dialing 888-506-0062 from the U.S. or internationally. The conference I.D. code is 3 ...

Austin, TX, July 31, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. ("DBG") (NASDAQ:DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces a successful launch of its new DTC strategy. The new strategy focuses on driving significant customer value through discounts offered to customers who bundle multiple units in one purchase, which is referred to as "Build Your Own Bundle" or BYOB. Since launching this new BYOB strategy in mid-June, DSTLD has experienced a 144% increase ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______to______ Commission file number: 001-40400 DIGITAL BRANDS GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 46-1942864 (State or other juri ...

财务数据和关键指标变化 - 第一季度净收入为3.6亿美元,同比下降18.2%,主要是由于3月份的批发订单延迟到4月份发货 [7][11] - 毛利率为48.1%,同比提升2.6个百分点,预计随着收入增加毛利率将进一步提高 [11] - 销售和营销费用为700万美元,同比下降30%,部分原因是3月份的电商订单也延迟到4月 [12] - 净亏损为684万美元,每股亏损0.46美元,同比大幅收窄 [13] 各条业务线数据和关键指标变化 - Sundry品牌去年第四季度开始表现不佳,公司已经调整价格和设计团队,预计今年将大幅改善 [22][23] - Stateside品牌保持20%左右的稳定增长,定位于女性时尚市场的优质产品 [23] - Bailey's品牌现主要以授权为主 [23] 各个市场数据和关键指标变化 - 公司在4月中旬开设了一家实体店,开业以来销售表现良好,每周收入持续增长 [8][21] - 公司将在下半年进一步优化电商策略,以提高电商收入 [9] 公司战略和发展方向及行业竞争 - 公司认为需要同时拥有批发、电商和实体店三个渠道,以满足消费者的实体体验需求 [19][20][50][51][52][57] - 公司表示,即使是数字原生品牌,也需要开设实体店,这是行业的普遍趋势 [51][52][53][54][55][56][57][58] - 公司认为,亚马逊等电商巨头也难以完全主导服装行业,实体体验仍然很重要 [53][54][55][56][57] 管理层对经营环境和未来前景的评论 - 公司预计第二季度将受益于3月订单延迟到4月以及新开实体店的贡献 [8][9] - 公司表示下半年将受益于强劲的秋季订单以及电商策略优化 [9][10] - 公司认为,随着收入增长和固定成本摊薄,将实现显著的经营杠杆效应,有望在今年实现自由现金流正转 [7][14][35][36][37][39] - 公司表示,将继续评估各种战略选择以提升股东价值 [14][15] 问答环节重要的提问和回答 问题1 **Unidentified Analyst 提问** 公司在零售市场的竞争优势和策略是什么 [18] **Hil Davis 回答** - 公司认为需要同时拥有批发、电商和实体店三个渠道 [19][20][21] - 电商广告投放策略从追求规模转向更注重ROAS [20] - 实体店是短期租约,公司在学习和评估是否扩张实体店 [21] - 公司通过提升产品设计和价格定位来提升竞争力 [22][23] 问题2 **Unidentified Analyst 提问** 公司最近有关于2024年不再融资的声明,但实际上有融资活动,这是什么情况 [25] **Hil Davis 回答** - 公司融资主要是为了应对纳斯达克的摘牌风险,而非业务需要 [26][27][28][29] - 公司预计未来利息费用和商誉摊销将大幅下降,有助于现金流改善 [30][31][35][36][37] 问题3 **Unidentified Analyst 提问** 公司是否有望在未来实现现金流正转 [32] **Hil Davis 回答** - 公司预计在今年下半年和明年将实现内部现金流正转 [35][36][37][39] - 从会计准则角度,公司也有望在未来几个季度实现净利润正转 [37][39]

Loss from operations was $225,000 versus $3.7 million a year ago Austin, TX, May 20, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. (“DBG”) (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its first quarter ended March 31, 2024. “Despite a timing shift in our wholesale shipments, which shifted revenue from the first quarter to the second quarter, we experienced significant operating expense leverage. We expect this operating leverage t ...

Austin, TX, May 17, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. ("DBG") (NASDAQ:DBGI), a curated collection of luxury lifestyle, digital-first brands, will report financial results for the first quarter ended March 30, 2024 on Monday, May 20, 2024 at 9:30 a.m. ET. Management will host a conference call on Monday, May 20, 2024 at 10:30 a.m. ET to discuss the results. The live conference call can be accessed by dialing 888-506-0062 from the U.S. or internationally. The conference I.D. code is 817721 o ...

Austin, TX, May 17, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. (“DBG”) (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, will report financial results for the first quarter ended March 30, 2024 on Monday, May 20, 2024 at 9:30 a.m. ET. Management will host a conference call on Monday, May 20, 2024 at 10:30 a.m. ET to discuss the results. The live conference call can be accessed by dialing 888-506-0062 from the U.S. or internationally. The conference I.D. code is 817721 ...

Austin, TX, May 07, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. ("we", "us", "DBG" or the "Company") (NASDAQ:DBGI), a curated collection of luxury lifestyle, digital-first brands, today announced the closing of its previously announced exercise in cash of certain outstanding warrants to purchase an aggregate of 1,027,750 shares of the Company's common stock, originally issued by the Company on September 5, 2023, at a reduced exercise price of $3.13 per share. The shares of common stock issuable upon ...

Austin, TX, May 03, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. ("we", "us", "DBG" or the "Company") (NASDAQ:DBGI), a curated collection of luxury lifestyle, digital-first brands, today announced the entry into a definitive agreement for the immediate exercise in cash of certain outstanding warrants to purchase an aggregate of 1,027,750 shares of the Company's common stock at a reduced exercise price of $3.13 per share. The exercised warrants are comprised of Series A and Series B warrants originall ...