---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-007331"
form_type: "8-K"
ticker: "LVLU"
cik: "0001780201"
company_name: "Lulu's Fashion Lounge Holdings, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T12:09:50.667432+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lulus Q1 net revenue $77.3M (-15% YoY); net loss $5.7M; authorizes $2.5M buyback

## Summary
- Net revenue of $77.3M, down 15% YoY; gross margin improved 60 bps to 42.3%.
- Net loss of $5.7M ($0.15 diluted loss per share) vs $5.6M loss in prior year.
- Adjusted EBITDA of -$2.7M, down from $16K positive in prior year.
- Free Cash Flow improved 127% to $6.0M; total debt reduced 70% to $6M.
- Board authorized $2.5M stock repurchase program; CEO cites undervaluation.

## SEC filing metadata
- accession: 0001558370-24-007331
- form_type: 8-K
- ticker: LVLU
- cik: 0001780201
- company_name: Lulu's Fashion Lounge Holdings, Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1780201/000155837024007331/0001558370-24-007331-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1780201/000155837024007331/tmb-20240508x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-007331
- JSON: https://secwatch.observer/filing/0001558370-24-007331.json
- Plain text: https://secwatch.observer/filing/0001558370-24-007331.txt

## Key facts
- Earnings Releases
  Lulu's Fashion Lounge Holdings, Inc. reported the first quarter ended March 31, 2024 results: revenue $77.3 million, net income Net loss of $5.7 million, EPS $(0.15).
  - Period: the first quarter ended March 31, 2024
  - Revenue: $77.3 million
  - Net income: Net loss of $5.7 million
  - EPS: $(0.15)
  - Result: reported results
  source text: our opportunities to return to growth as we continue to build upon our operational efficiency, innovation, and product offering." First Quarter 2024 Highlights: ● Net revenue of $77.3 million, a decrease of 15% compared to $91.0 million in the same period last year, driven by a 17% decrease in Total Orders Placed with higher return rates, offset by higher Average
  evidence_url: https://www.sec.gov/Archives/edgar/data/1780201/000155837024007331/0001558370-24-007331-index.htm

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