DBGI, UNFI stocks gain strong traction after quarterly results

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 DBGI, UNFI stocks gain strong traction after quarterly results
Image source: yuda chen,Shutterstock


  • Digital Brands Group, Inc (NASDAQ: DBGI) stocks fell a day after providing solid revenue guidance for 2022.

  • DBGI expects its revenue for 2022 to be around US$37.5 million and US$42.5 million, up 350 percent from its 2021 revenue expectations.

  • United Natural Foods, Inc (NYSE: UNFI) stocks rose a day after Q4 earnings results. It reported net sales of US$6.70 billion in Q4, 2021.

Stocks of Digital Brands (NASDAQ: DBGI) and United Natural Food (NYSE: UNFI) are drawing huge investors’ attention on Wednesday, a day after their quarterly earnings.

But the DBGI stock fell 6.25 percent to US$3.30 at 8.57 am ET, while UNFI stock was up by 8.25 percent to US$50.855 at 1.40 pm ET on Sep 29.

Digital Brands Group, Inc

On Sep 28, the DBGI stock rose jumped 19.32 percent from the previous close after its revenue guidance for 2022.

It expects the revenue for 2022 to be around US$37.5 million and US$42.5 million, up 350 percent from its 2021 revenue expectations. The growth is expected without the acquisition of another brand. It also expects a positive EBITDA.

The net sales in Q2, 2021, were US$1.0 million against US$664,000 in Q2, 2020. The net loss attributable to common stockholders was US$10.7 million, or US$1.97 per diluted share, in Q2, 2021, against US$2.3 million, or $3.41 per diluted share, in Q2, 2020.

DBGI is a California-based company that deals in luxury lifestyle and digital-first brands. Its market capitalization is US$44 million. The highest and lowest stock prices for the last 52 weeks were US$8.80 and US$2.32, respectively.

Source: Pixabay.

Image description: DBGI, UNFI stocks getting the attention of investors.

Also read: Gogo (GOGO) & Micron (MU): Two rending stocks on Wednesday

United Natural Foods, Inc.

The UNFI stock rose for the second consecutive day after its Q4 earnings results on Tuesday. United Natural Foods is a Rhode Island-based company and produces natural, organic food. It is one of the biggest publicly traded speciality food companies in North America. 

The company reported net sales of US$6.70 billion in Q4, 2021. The net income for this period was US$43 million, and adjusted EBITDA was US$201 million. Earnings per diluted share (EPS) was US$0.69.

Also read: Why are NAKD, BBIG stocks drawing investors’ attention?

The market capitalization of UNFI is US$2.8 billion. The P/E and the forward P/E one-year ratios are 20.57 and 11.60, respectively. The EPS is US$2.47. The highest and lowest stock prices of UNFI for the past 52 weeks were US$47.49 and US$14.22, respectively.

The company expects total revenue of US$27.8 billion to US$28.3 billion for the fiscal year 2022. In addition, the company expects a net income of US$221 million to US$243 million in FY 2022.


The consumer stocks have witnessed rapid recovery in the recent quarters following the covid-induced disruptions. In addition, analysts expect the retail sector to witness strong growth in the coming months after the pandemic situation improves. However, investors should evaluate the companies carefully before investing.


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