Digital Brands Group Q2 EPS $(2.08) Down From $0.31 YoY, Sales $3.40M Down From $4.49M YoY
Portfolio Pulse from Benzinga Newsdesk
Digital Brands Group reported a significant decline in Q2 earnings and sales, with EPS dropping from $0.31 to $(2.08) and sales decreasing from $4.49M to $3.40M year-over-year.
August 19, 2024 | 8:31 pm
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Digital Brands Group's Q2 earnings report shows a drastic decline in both EPS and sales compared to the previous year, indicating potential financial struggles.
The significant drop in EPS from $0.31 to $(2.08) and the decrease in sales from $4.49M to $3.40M suggest financial difficulties, likely leading to a negative short-term impact on DBGI's stock price.
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IMPORTANCE 90
RELEVANCE 100