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Digital Brands Group posts 58.3 percent Q3 revenue growth

11 days ago   |   By Fashion United

Image: DSTLD via Facebook
Net Sales at Digital Brands Group were 3.4 million dollars in the third quarter, an increase of 58.3 percent year over year.
Gross profit margin was 48.3 percent versus 55.9 percent a year ago, a decrease of 7.6 percent in gross profit margin.
"We are pleased to announce that we delivered strong revenue growth and continued operating leverage on our fixed costs in the third quarter," said Hil Davis, chief executive officer of Digital Brands Group.
"We also reduced our debt significantly during the quarter, which allows us to factor our wholesale purchase orders...
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