Digital Brands Group, Inc. Provides Revenue Guidance for the Fourth Quarter, Fiscal Year 2021 and Reaffirms Fiscal Year 2022 Revenue Guidance
January 07, 2022 at 07:00 pm IST
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Digital Brands Group, Inc. provided revenue guidance for the fourth quarter, fiscal year 2021 and reaffirms fiscal year 2022 revenue Guidance. Estimated fourth quarter 2021 revenues is expected to come in line with its previous forecast of approximately $4 million. Estimated fiscal year 2021 net revenue is expected to increase 44% to $7.6 million versus $5.2 million a year ago.
The company reaffirmed its previous fiscal year 2022 net revenue guidance of $37.5 million to $42.5 million.
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. 
