---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-008797"
form_type: "8-K"
ticker: "LVLU"
cik: "0001780201"
company_name: "Lulu's Fashion Lounge Holdings, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:43:42.755645+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-008797
- form_type: 8-K
- ticker: LVLU
- cik: 0001780201
- company_name: Lulu's Fashion Lounge Holdings, Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1780201/000155837023008797/0001558370-23-008797-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1780201/000155837023008797/tmb-20230509x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-008797
- JSON: https://secwatch.observer/filing/0001558370-23-008797.json
- Plain text: https://secwatch.observer/filing/0001558370-23-008797.txt

## Key facts
- Earnings Releases
  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
  source text: Lulus Reports First Quarter 2023 Results and Reaffirms Full Year 2023 Guidance Net Revenue of $91 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1780201/000155837023008797/0001558370-23-008797-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.