Differential Brands released on Monday its fourth-quarter and full-year financial results, which included an increase in net sales for both periods. It is also developing a new line of sportswear at its Hudson brand.
Differential Brands, which includes Hudson Jeans, Robert Graham and Swims, announced its positive Q1 2017 financial results with net sales increasing 19% in part due to developing the Hudson Jeans e-commerce site.
Business is booming for Differential, buoyed in part by its 2016 acquisition of Scandinavian lifestyle brand Swims, which in turn is flourishing, thanks to e-commerce and other resources available under its new owner.
Differential Brands posted net losses of $4.9 million and $16.5 million in the fourth quarter and full year 2016, respectively. The company's wholesale business contributed to its substantial sales growth.
Differential Brands' sales increased in the third quarter, as overall gross margins decreased. The U.S. brand's acquisition of label Swims contributed to the company's net loss for the prior three months.
Differential Brands second quarter sales benefits from the inclusion of Hudson Brands. The denim brand helped double sales and increase profit along with the revamp of Robert Graham and the opening of nine new stores.