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

Lulu’s Fashion Lounge Holdings (Nasdaq: LVLU) announced the appointment of Kira Yugay to its Board of Directors, effective immediately, replacing Tom Belatti, who resigned on March 30, 2022. CEO David McCreight expressed enthusiasm for Yugay's operational expertise and tech background, anticipating her contributions to the company's growth strategy. Yugay has significant experience in private equity, notably at H.I.G. Capital, focused on technology investments, and has held roles at Warburg Pincus and Greenbriar Equity Group. Lulus emphasizes customer feedback in its digital fashion business with fresh inventory and exceptional service.

Lulu’s Fashion Lounge Holdings (Nasdaq: LVLU) reported record-breaking financial results for Q4 2021 and the full year, with net revenue reaching $376 million, a 51% increase from 2020. Q4 net revenue was $97 million, up 78% year-over-year. The company expects a 28%-30% growth in 2022, with revenue projected between $480-$490 million. Adjusted EBITDA was $41.4 million for 2021, reflecting a growth of 119%. Despite a net loss of $8.8 million in Q4 due to accelerated stock-based compensation related to its IPO, the company achieved a significant increase in active customers, reaching 2.8 million.

Lulu’s Fashion Lounge Holdings (Nasdaq: LVLU) will announce its fourth quarter and full year 2021 financial results on March 31, 2022, after market close. A conference call and live webcast for investors is scheduled for 5:00 p.m. Eastern Time on the same day. The financial results and webcast will be accessible through the Company’s Investor Relations website. A replay of the conference call will be available for seven days after the event. Lulus focuses on customer-driven fashion, providing high-quality, on-trend pieces worldwide.

Lulu’s Fashion Lounge Holdings (Nasdaq: LVLU) announced its participation in two upcoming investor conferences. The BofA Securities 2022 Consumer and Retail Technology Conference will take place on March 8, 2022, with a fireside chat at 11:20 a.m. ET in New York. Following this, the KeyBanc Capital Markets’ Emerging Technology Summit is scheduled for March 9, 2022, featuring a fireside chat at 11:00 a.m. PT in San Francisco. Investors can access a live webcast of these discussions via the company’s Investor Relations webpage.

Lulu’s Fashion Lounge Holdings has appointed Dara Bazzano to its Board of Directors, effective immediately. Bazzano, currently T-Mobile's Chief Accounting Officer, brings extensive experience in finance, governance, and compliance. She will join both the Audit Committee and the Nominating and Corporate Governance Committee. CEO David McCreight expressed enthusiasm about her joining, highlighting her knowledge of public markets and passion for ESG. Bazzano views Lulus as a fast-growing brand with significant growth potential.

Lulu’s Fashion Lounge Holdings (Nasdaq: LVLU) reported a 95% increase in net revenue to $106.3 million for Q3 2021 compared to the previous year. Net income surged by 921% to $2.3 million, with adjusted EBITDA rising 126% to $11.9 million, resulting in an adjusted EBITDA margin of 11.2%. The average order value reached $125, and active customers increased to 2.5 million. For full-year 2021, net revenue is projected between $370 million and $372 million, with adjusted EBITDA expected to grow between 101% and 106% year-over-year.

Lulu's Fashion Lounge Holdings (Nasdaq: LVLU) has announced the release of its third quarter 2021 financial results on December 14, 2021, after market close. This will be followed by a conference call and live webcast at 5:00 p.m. Eastern Time on the same day. Investors can access the results through the Investor Relations section of the Company's website, and there will be a replay available for seven days post-call. Lulus focuses on customer-driven fashion with fresh inventory and personalized shopping experiences.

Lulu’s Fashion Lounge Holdings, Inc. (Nasdaq: LVLU) has priced its initial public offering (IPO) at $16.00 per share for a total of $92.0 million in gross proceeds. The IPO involves the sale of 5,750,000 shares, expected to commence trading on November 11, 2021, with a closing date on November 15, 2021, pending customary closing conditions. The underwriters have an option to purchase an additional 862,500 shares within 30 days. Goldman Sachs, BofA Securities, and Jefferies are lead managers for the offering.

Lulu's Fashion Lounge Holdings has announced its proposed initial public offering (IPO) of 5,750,000 shares of common stock, with an expected price range between $16.00 and $19.00 per share. An additional 862,500 shares may be purchased by underwriters within 30 days. The stock will trade on the Nasdaq under the ticker symbol LVLU. Goldman Sachs, BofA Securities, and Jefferies are joint lead managers for the offering. The IPO registration is pending effectiveness with the U.S. SEC.