Digital Brands Group Q3 EPS $(14.55) Up From $(223.83) YoY, Sales $3.26M Up From $2.66M YoY
Portfolio Pulse from totan@benzinga.com
Digital Brands Group (NASDAQ:DBGI) reported a significant reduction in its Q3 EPS loss to $(14.55) from $(223.83) YoY, alongside a 22.51% increase in sales to $3.26M from $2.66M YoY.
November 14, 2023 | 10:51 pm
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Digital Brands Group reported a reduced Q3 EPS loss and increased sales compared to last year, indicating potential operational improvements.
The substantial decrease in losses per share and the increase in sales year-over-year suggest that Digital Brands Group is moving in a positive direction operationally, which could lead to investor optimism and a potential short-term increase in the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100