Aug 24, 2017
DFBG sees 16% net sales rise in 2017 1st half
Aug 24, 2017
The net sales of Differential Brands Group Inc (DFBG), a portfolio of global premium consumer brands Hudson Jeans, Robert Graham and SWIMS, for the first six months in calendar year 2017 increased by 16 per cent to $76.6 million. This includes a 17 per cent rise in wholesale segment sales and a 12 per cent increase in consumer direct segment sales.
The gross profit was $34.8 million compared to $28.8 million for the first six months in 2016, according a press release from the company, which recently announced its second-quarterly and half-yearly financial results.
Operating expenses during this six-month period was $35.4 million compared to $33.7 million for the same period of the previous year. Selling, general and administrative expenses as a percentage of net sales decreased to 42.2 per cent from 46.3 per cent in the first six months of 2016.
Operating losses were $0.5 million compared to $4.9 million for the same period last year.
“In our consumer direct segment, we saw significant growth in our e-commerce channel driven largely by higher conversion rates across our brands as a result of better adoption of our product offerings,” CEO Michael Buckley said.
The company plans to launch ‘Fall 17’ and ‘Spring 18’ brand marketing campaigns for Hudson in August and a much expanded and market-disruptive SWIMS product line.
Hudson is a designer and marketer of women’s and men’s premium denim and apparel and SWIMS is a Scandinavian lifestyle brand best known for its water-friendly footwear, apparel and accessories.
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