- Sara Ehlers |
Although Differential Brands Group has an impressive portfolio of brands, the company hasn't necessarily translated those emerging labels into a success story. It seems that according to results from 2017, the company has overall seen a net loss.
The company had a net loss of 2.5 million dollars in the year ended December 31, 2017, as reported by Apparel News. Previously, it seems Differential Brands Group had a net loss the year before too. The loss was significantly less resulting in 17.8 million for the year. Despite this downturn, in the fourth quarter, sales were up by 7 percent to approximately 45.1 million dollars, according to the publication. “I am pleased to report that all of our brands produced positive total comparable sales, improved margin dollars," Michael Buckley, chief executive of the company, told Apparel News.
Overall, Differential Brands Groups seems to be working to improve these numbers in the future. Currently, the company houses labels such as Swims, Hudson Jeans, and Robert Graham. The company can focus on marketing initiatives throughout each of these brands to overall improve sales in total. In Q3, the total net sales were 42.4 million dollars, as reported by FashionUnited. If Differential Brands can move forward and target each brand's strengths, it's possible the company can end up with a decrease in net loss for the future year.