- Digital Brands Group Inc (NASDAQ: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.
Starbucks In Juicy Controversy – To Face Lawsuit Slamming ‘Fruit’ Drinks Without The Fruit: Report
Starbucks Corporation (NASDAQ: SBUX) lands in hot water as a federal judge reportedly pushed the firm to face a lawsuit accusing them of missing a vital twist in their Refresher fruit drinks – the actual fruit.
