Lulu'S Fashion Lounge Holdings, Inc. Stock Price, News & Analysis

Lulu's Fashion Lounge Holdings (Nasdaq: LVLU) will release its fourth quarter and full year 2022 financial results on March 14, 2023, after market close. The Company is a digitally native women's fashion brand based in California, focusing on customer-driven styles and direct feedback. A conference call and live webcast will take place at 5:00 p.m. Eastern Time the same day, accessible through the Investor Relations section of Lulus' website. A replay will be available for seven days post-call. Founded in 1996, Lulus is dedicated to providing exceptional customer service and personalized shopping experiences.

Lulu's Fashion Lounge Holdings (Nasdaq: LVLU) reported a 1.0% decline in third-quarter net revenue, totaling $105.3 million, attributed to macroeconomic challenges. Active customers rose by 29.2% to 3.2 million, with average order value increasing by 6.4% to $133. However, gross profit decreased by 12.7% due to product margin compression, resulting in a net income of $0.9 million, down 75.9% year-over-year. The company revised its full-year 2022 guidance, expecting revenue between $425 million and $440 million. Increased promotional activity to combat inflation has impacted margins.

Lulu's Fashion Lounge Holdings (Nasdaq: LVLU) announced the appointment of Crystal Landsem as CEO, effective March 6, 2023. She succeeds David McCreight, who becomes Executive Chairman. Landsem has been with the company since 2015 and served as Co-President since 2020. The transition aims to position Lulus for growth, particularly targeting Gen Z and Millennial women. The company will also announce a new CFO in early 2023, indicating a shift in leadership focused on optimizing business operations and enhancing customer value.

Lulu’s Fashion Lounge Holdings (Nasdaq: LVLU) has expanded its Board of Directors from eight to nine members with the addition of Anisa Kumar, effective November 11, 2022. Kumar, an experienced leader in e-commerce and retail with over 22 years in the industry, will also serve on the Compensation Committee. CEO David McCreight emphasized that her expertise from Fortune 50 companies and startups will enhance Lulus' long-term growth strategies. Kumar's experience includes leadership roles at Narvar, Levi Strauss & Co., Walmart.com, and Target Corporation, strengthening the board’s capabilities.

Lulu's Fashion Lounge Holdings (Nasdaq: LVLU) announced the release date for its third quarter 2022 financial results, set for November 15, 2022, after market close. The company will hold a conference call and live webcast at 5:00 p.m. Eastern Time on the same day. Investors can access the live webcast through the company's Investor Relations website. A replay of the call will be available for seven days using specific conference call access codes.

Founded in 1996, Lulus focuses on women's fashion, providing high-quality, on-trend apparel with an emphasis on customer feedback.

Lulu's Fashion Lounge Holdings (Nasdaq: LVLU), a leading digitally native women's fashion brand, announced its participation in two upcoming investor conferences. The company will attend the Goldman Sachs 29th Annual Global Retailing Conference on September 8, 2022, in New York, featuring a fireside chat at 3:15 p.m. ET. On September 13, 2022, it will participate in the Piper Sandler Growth Frontiers Conference in Nashville, with a fireside chat at 9:00 a.m. ET. Interested parties can access live webcasts and replays on the company’s investor relations website.

Lulu’s Fashion Lounge Holdings (Nasdaq: LVLU) reported a 27% revenue growth in Q2 2022, reaching $131.5 million, alongside a 53% increase in active customers to 3.2 million. However, gross margin declined 380 basis points to 45.8%, with net income falling 28.1% to $6 million. Adjusted EBITDA also decreased by 16.8% to $14.8 million. Despite facing shipping and return challenges, the company maintains a robust financial outlook, expecting annual net revenue of $440-$480 million and a significant reduction in interest expenses.

Lulu's Fashion Lounge Holdings (Nasdaq: LVLU) announced preliminary financial results for Q2 2022, expecting net revenue of $131-$132 million, representing 26.5%-27.5% year-over-year growth. Adjusted EBITDA is projected between $14.5-$15.1 million, down from $17.8 million in Q2 2021, with net income expected at $5.6-$6.2 million, a decline from $8.3 million last year. Due to macroeconomic challenges, the company adjusted its full-year 2022 guidance, revising net revenue expectations to $440-$480 million and Adjusted EBITDA to $35-$45 million. A conference call is scheduled for August 16, 2022.

Lulu’s Fashion Lounge Holdings (Nasdaq: LVLU), a leading digitally native women’s fashion brand, has announced its participation in several upcoming investor conferences. The events include:

• Cowen 6th Annual Future of the Consumer Conference on May 25, 2022, at 9:20 a.m. ET.
• Baird Global Consumer, Technology & Services Conference on June 6, 2022, at 3:45 p.m. ET.
• Jefferies Annual Consumer Conference on June 20, 2022, at 8:00 a.m. ET.

Investors can access the webcasts through the Investor Relations section of Lulus' website.