Digital brands group reports first quarter 2023 financial results

Revenues increased 48.4% to $5.1 million gross margin increased 113.9% to $2.4 million austin, texas , may 22, 2023 /prnewswire/ -- digital brands group, inc. ("dbg")  (nasdaq: dbgi), a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its first quarter ended march 31, 2023.  "we are pleased to see the significant operating leverage we experienced with the acquisition of sundry, and still expect to achieve positive ebitda this fall even in a challenging macro environment" said hil davis, ceo of digital brands group.
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