Lulus pre-announces Q2 revenue growth 26-27% but cuts FY22 guidance; cites macro headwinds

Lulu's Fashion Lounge Holdings, Inc.

2022-Q2 EPS reported $0.21 revenue$243,414,000

Q2 preliminary net revenue $131-132M (~26.5-27.5% YoY); net income $5.6-6.2M vs $8.3M last year.
Q2 adjusted EBITDA $14.5-15.1M, down from $17.8M; higher return rates and shipping costs pressured results.
FY22 revenue guidance lowered to $440-480M from $490-500M; adjusted EBITDA lowered to $35-45M from $50-51M.
Capex guidance trimmed to $4.5-6.0M from $5-7M; interest expense reaffirmed at $0.7M.
CEO cites macro pressures impacting customer spending and returns; formal Q2 results call on Aug 16, 2022.

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