earnings
confidence high
sentiment negative
materiality 0.75
Lulus preliminary Q2 net revenue down ~14% YoY, adjusted EBITDA turns negative
Lulu's Fashion Lounge Holdings, Inc.
2024-Q2 EPS reported
-$0.40
revenue$169,225,000
- Net revenue expected $90.5-$91.5M, declining ~14% YoY from prior year.
- Adjusted EBITDA loss of ($0.9M)-($0.2M) vs +$4.2M in Q2 2023.
- Pre-tax loss estimated $4.5-$5.2M, compared to $1.7M loss last year.
- CEO cites sustained consumer weakness; cost reductions implemented in Q3 2024.
- CFO notes sequential revenue improvement in May/June but fixed-cost constraints.