Dbgi announces an increase of 46.5% for preliminary revenue results for first quarter fiscal 2023

Austin, texas , may 4, 2023 /prnewswire/ -- digital brands group, inc. ("dbgi")  (nasdaq: dbgi), a curated collection of luxury lifestyle, digital-first brands, today announced that it expects first quarter fiscal 2023 revenues to be approximately $5.0 million, an increase of 46.5%. hil davis, chief executive officer of digital brands group, stated that "our 2023 first quarter reflected the strategic decision to lower advertising spend as we onboarded a performance marketing agency, which resulted in two months of significantly lower e-commerce revenues.
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