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Get DBGI alertsHil Davis is recorded as CEO at Digital Brands Group, Inc. (DBGI). Hil Davis has spoken on 12 earnings calls across 1 company, most recently for Digital Brands Group, Inc. on November 14, 2024. Digital Brands Group, Inc. is classified in the Apparel Retail industry within the Consumer Cyclical sector. Other leadership on record at Digital Brands Group, Inc. includes John Hilburn Davis IV (CEO), Reid Yeoman (CFO), Laura Dowling (COO) and 5 others.
“As we stated in our press release, our third quarter was the last quarter we significantly focused on paying down debt and liabilities given the soft macro economy and the overhang of the election.”
“I think the first thing I want to highlight on today's call is that we paid off over $5 million in debt and other liabilities during the first half of the year, which is very significant, as you can imagine.”
“Despite a timing shift in our wholesale shipments, which shifted revenue from the first quarter to the second quarter, we experienced significant operating expense leverage.”
“The fourth quarter was the end of Sundry’s bottom, which our first quarter results will reflect as well as our Q2 wholesale bookings. Despite lower revenue contribution from Sundry in the fourth quarter, we almost achieved breakeven net income due to our cost savings excluding non-cash expenses.”
“We are halfway through our fourth quarter and have closed our first quarter 2024 wholesale bookings. Given the current trends in the fourth quarter and our first quarter wholesale bookings, we are pleased to report that Sundry has made a significant turnaround.”
Apparel Retail · Consumer Cyclical
CEO
