DBGI - Digital Brands gains on initiating FY23 guidance
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Digital Brands ( NASDAQ: DBGI ) initiates 2023 revenue guidance of $45.0M to $50.0M and EBITDA of $2.0M to $3.0M due to shared services operating leverage.
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"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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Shares are trading up 6.33% premarket.
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Digital Brands gains on initiating FY23 guidance