Lulus reports preliminary Q2 revenue down ~20% YoY, withdraws FY2023 guidance

Lulu's Fashion Lounge Holdings, Inc.

2023-Q2 EPS reported -$0.21 revenue$197,098,000

Net revenue expected $104.5-106.0M, down ~20% YoY from $131.4M in Q2 2022.
Adjusted EBITDA expected $3.4-4.2M vs $14.8M prior year; pre-tax loss of $1.8-2.6M vs income of $10.8M.
CEO cites weaker demand, higher returns; withdrawing full-year 2023 guidance due to macro uncertainty.
Net debt continued sequential decline; balance sheet described as strong.
Full Q2 2023 results and updated outlook to be released Aug 8, 2023.

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 the second quarter ended July 2, 2023 results: revenue net revenue of approximately $104.5 million to $106.0 million, net income a loss before income taxes of approximately $2.6 million to $1.8 million.

Period: the second quarter ended July 2, 2023
Revenue: net revenue of approximately $104.5 million to $106.0 million
Net income: a loss before income taxes of approximately $2.6 million to $1.8 million
Result: preliminary results

Exact text from the filing

We expect net revenue of approximately $104.5 million to $106.0 million, which would represent a decline of approximately 20.5% to 19.4% compared to the same period last year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Lulu's Fashion Lounge Holdings, Inc. reported preliminary financial results for the second fiscal quarter ended July 2, 2023.

Period: the second fiscal quarter ended July 2, 2023
Result: preliminary results

Exact text from the filing

On July 25, 2023, Lulu’s Fashion Lounge Holdings, Inc. (“Lulus”) issued a press release containing Lulus’ preliminary unaudited financial results for the second fiscal quarter ended July 2, 2023.

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Source: SEC EDGAR

accession 0001558370-23-012178

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