earnings
confidence high
sentiment positive
materiality 0.80
Lulus Q1 revenue $111.9M +62% YoY, raises FY2022 revenue guidance to $490-500M
Lulu's Fashion Lounge Holdings, Inc.
2022-Q1 EPS reported
$0.05
revenue$111,902,000
- Net revenue $111.9M (+62% YoY); gross margin 47.3% (+220 bps); net income $2.0M vs -$1.4M.
- Adjusted EBITDA $9.9M, up 84% from $5.4M in Q1 2021.
- Raised FY2022 net revenue outlook to $490-500M (30-33% growth) and adj. EBITDA to $50-51M (21-23% growth).
- Active customers grew 58% to 3.0M; average order value increased 20% to $133.
- Paid down $10M of revolver; net cash position $4.4M ($19.4M cash less $15M borrowings).