Digital Brands Group, Inc. Provides Operating Guidance for the Second, Third and Fourth Quarter of Fiscal Year 2021 and Revenue Guidance for the Second Quarter Ended June 30, 2021
July 08, 2021 at 09:00 am EDT
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Digital Brands Group, Inc. provided operating guidance for the second quarter, third and fourth quarter of fiscal year 2021 and revenue guidance for the second quarter ended June 30, 2021. For the period, the company expects to see improved operating results in the second quarter and expect to see significantly improved operating results in the third and fourth quarters of 2021 now that the company has sufficient cash and inventory to support expected levels of operations. The company announced that its initial estimate of financial results for the quarter ended June 30, 2021 indicates that second quarter 2021 revenue increased by approximately 100% over first quarter 2021 figures, which only includes six and half weeks of revenue contribution from Harper & Jones.
Digital Brands Group, Inc. offers a variety of apparel products through direct-to-consumer and wholesale distribution. The Company's portfolio consists of various brands, including Bailey 44, DSTLD, Stateside and Sundry. DSTLD is a digital direct-to-consumer brand, which offers stylish garments without the luxury retail markup valuing customer experience over labels. Bailey 44 is a wholesale brand, which combines fabrics and on-trend designs to create sophisticated ready-to-wear capsules for women. DSTLD offers stylish high-quality garments without the luxury retail markup valuing customer experience over labels. Stateside is a wholesale brand, which is an elevated brand with all knitting, dyeing, cutting and sewing sourced and manufactured locally in Los Angeles. Sundry offers a collection of womenâs clothing, including dresses, shirts, sweaters, skirts, shorts, athleisure bottoms and other accessory products. Sundryâs products are coastal casual and consist of colorful designs.
Digital Brands Group, Inc. Provides Operating Guidance for the Second, Third and Fourth Quarter of Fiscal Year 2021 and Revenue Guidance for the Second Quarter Ended June 30, 2021
DIGITAL BRANDS GROUP, INC. 
