Lulus Q1 revenue down 19% YoY to $91M; net loss $5.6M vs $2.0M income last year

Lulu's Fashion Lounge Holdings, Inc.

2023-Q1 EPS reported -$0.14 revenue$90,976,000

Net revenue $91.0M, down 19% YoY; gross margin fell 560 bps to 41.7%.
Net loss of $5.6M vs net income $2.0M in Q1 2022; Adjusted EBITDA near zero at $16K.
Active customers grew 6% to 3.2M; AOV slipped 3% to $129 due to higher promotions.
Full-year 2023 guidance reaffirmed; net cash from operations was $3.7M.
CEO cited difficult comp vs 62% revenue growth in Q1 2022 and ongoing macro pressures.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Lulu's Fashion Lounge Holdings, Inc. reported first quarter ended April 2, 2023 results: revenue $91.0 million, net income Net loss of $5.6 million, EPS $(0.14) per diluted share. Guidance reaffirmed.

Period: first quarter ended April 2, 2023
Revenue: $91.0 million
Net income: Net loss of $5.6 million
EPS: $(0.14) per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Lulus Reports First Quarter 2023 Results and Reaffirms Full Year 2023 Guidance Net Revenue of $91 million

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Lulu's Fashion Lounge Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-008797

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