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Digital Brands Group (DBGI)
OTHER OTC:DBGI
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Earnings Data
Report Date
Apr 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -79.96%
|Next Earnings Date:Apr 21, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with significant achievements such as a successful partnership with VaynerCommerce and substantial debt reduction, contrasted by challenges like revenue decline and macroeconomic headwinds. The company's strategic shift towards growth and cost reductions are promising, but they are yet to fully offset the current revenue challenges.Company Guidance
In the Digital Brands Group Q3 2024 earnings call, significant guidance was provided regarding their strategic shift from debt reduction to growth initiatives. The company reported a 34% increase in daily digital revenues and a 7% rise in average order volume, attributed to their partnership with VaynerCommerce. They plan to launch several initiatives, including influencer campaigns and limited edition product capsules, as part of a broader growth strategy. Additionally, DBGI anticipates a $4.5 million increase in earnings for 2025 due to reduced amortized noncash expenses and interest, alongside an expected $500,000 annual boost to gross margins from a wholesale price increase at Sundry. Despite a decline in net revenues to $2.4 million from $3.3 million the previous year, the company's net loss improved to $3.5 million from $5.4 million, highlighting their focus on profitability over revenue growth.Partnership with VaynerCommerce
The partnership with VaynerCommerce has resulted in a 34% increase in daily digital revenues and a 7% increase in average order volume over a 17-day period. This partnership is part of a multistep growth strategy.
Debt Reduction Achievements
The company successfully paid down $1.3 million in convertible debt, eliminating it from the balance sheet and focusing solely on long-term, patient debt.
Increase in Earnings for 2025
An expected increase of over $4.5 million in earnings for 2025 due to the conclusion of Stateside's goodwill and amortized interest expenses.
Wholesale Price Increase
A meaningful wholesale price increase at Sundry has been implemented with zero resistance, expected to add more than $500,000 a year to gross margins.
Significant Cost Reductions
General and administrative expenses decreased by $1.3 million year-over-year, with a reduction of over $500,000 from the last quarter.
Net Loss Reduction
Net loss reduced to $3.5 million compared to $5.4 million a year ago, highlighting improved financial management.
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DBGI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DBGI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $6.78 | $4.95 | -26.99% |
| Aug 19, 2024 | $54.50 | $45.00 | -17.43% |
| May 20, 2024 | $130.50 | $105.50 | -19.16% |
| Apr 15, 2024 | $200.00 | $164.00 | -18.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Digital Brands Group (DBGI) report earnings?
Digital Brands Group (DBGI) is schdueled to report earning on Apr 21, 2025, TBA Not Confirmed.
What is Digital Brands Group (DBGI) earnings time?
Digital Brands Group (DBGI) earnings time is at Apr 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DBGI EPS forecast?
Currently, no data Available
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