earnings
confidence high
sentiment neutral
materiality 0.60
Lulus Q2 2022 revenue up 27% to $131.5M; active customers rise 53% to 3.2M
Lulu's Fashion Lounge Holdings, Inc.
2022-Q2 EPS reported
$0.21
revenue$243,414,000
- Net revenue $131.5M, up 27% YoY; net income $6.0M, down 28% from $8.3M in Q2 2021.
- Gross margin fell 380 bps to 45.8%; adjusted EBITDA $14.8M, down 16.8% YoY.
- Active customers 3.25M (+52.6%); average order value $137, up 13.2%.
- Reaffirmed full-year 2022 financial outlook; cited shipping costs and returns as headwinds.