Digital Brands Group (NASDAQ: DBGI) shares are moving higher after the business announced that Q2 revenue is expected to climb by about 100% over Q1.
Due to’sufficient cash and inventories to support planned levels of operations,’ CEO Hil Davis expects’significantly improved’ operating performance in Q3 and Q4 of 2021.
On a direct-to-consumer and wholesale basis, Digital Brands Group sells a wide range of garments through a number of brands. The company has implemented an omnichannel strategy, which means that the fashions and content are available not only online, but also in certain wholesale and retail locations.
Digital Brands Group’s stock was trading 17.08 percent higher at $6.18 at the time of writing. A 52-week low of $2.80 and a 52-week high of $8.80 are the stock’s low and high respectively.
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