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LightInTheBox Holding Co Ltd (LITB) provides investors and industry observers with comprehensive access to official corporate announcements and market developments. This curated resource aggregates all verified news related to the global e-commerce leader's operations across apparel, lifestyle products, and cross-border retail solutions.
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LightInTheBox Holding Co., (NYSE: LITB), an apparel e-commerce retailer, has announced it will release its unaudited financial results for the second quarter ended June 30, 2024 before U.S. markets open on Friday, August 2, 2024. The company's management will hold an earnings conference call at 9:00 a.m. Eastern Time on the same day. Participants can preregister for the call through a provided link, receiving dial-in numbers, an event passcode, and a unique access PIN. A telephone replay will be available for a week after the call, and a live and archived webcast will be accessible on the company's Investor Relations website.
LightInTheBox (NYSE: LITB) reported its unaudited financial results for Q1 2024 on May 28, 2024. The company faced macroeconomic challenges and increased competition, resulting in a shift from sales growth to profitability focus. Total revenues dropped by 51.8% year-over-year to $71.2 million, and apparel sales decreased by 52.7% to $56.4 million. Gross profit fell to $41.4 million, while operating expenses were reduced to $45.5 million. The net loss was $3.8 million, slightly improving from $4.0 million the previous year. Adjusted EBITDA remained a loss of $3.1 million. The company had $30.9 million in cash and equivalents as of March 31, 2024. For Q2 2024, net revenues are expected to be between $60 million and $70 million. A share repurchase program has been extended through June 30, 2024.
LightInTheBox (NYSE: LITB), an apparel e-commerce retailer, announced it will release its unaudited financial results for Q1 2024 on May 28, 2024, before U.S. markets open.
On the same day, the management will hold an earnings call at 9:00 a.m. ET. Participants need to preregister to receive dial-in details, an event passcode, and a unique access PIN.
A telephone replay will be available until June 4, 2024, and a live and archived webcast can be accessed on the company's Investor Relations website.
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