NDAQ:DBGI - Post Discussion
Post by
Iseneschal on Jan 11, 2023 9:40am
DBGI.....on watch after NR this a.m
DBG Announces $45.0M to $50.0M for 2023 Revenue Guidance and $2.0M to $3.0M in EBITDA
2023-01-11 06:00 ET - News Release
AUSTIN, Texas Jan. 11, 2023 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces its initial 2023 revenue guidance of $45.0 million to $50.0 million and $2.0 million to $3.0 million in EBITDA due to shared services operating leverage.
"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. Additionally, we expect to achieve $2.0M to $3.0M in EBITDA due to the leverage we are experiencing from our shared services platform," said Hil Davis, Chief Executive Officer of Digital Brands Group
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