Lulu's Fashion Lounge Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended January 01, 2023
March 14, 2023 at 04:31 pm EDT
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Lulu's Fashion Lounge Holdings, Inc. reported earnings results for the fourth quarter and full year ended January 01, 2023. For the fourth quarter, the company reported sales was USD 90.96 million compared to USD 96.76 million a year ago. Net loss was USD 5.25 million compared to USD 133.77 million a year ago. Basic loss per share from continuing operations was USD 0.14 compared to USD 4.69 a year ago. Diluted loss per share from continuing operations was USD 0.14 compared to USD 4.69 a year ago.
For the full year, the company reported sales was USD 439.65 million compared to USD 375.63 million a year ago. Net income was USD 3.73 million compared to net loss of USD 122.948 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to Basic loss per share from continuing operations of USD 6.08 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to Diluted loss per share from continuing operations of USD 6.08 a year ago.
Lulu's Fashion Lounge Holdings, Inc. is an attainable luxury fashion brand for women. The Company primarily serves Millennial and Gen Z women. The Company operates through a single segment, which is Retail. The Company is focused on giving its customers what they want by using direct consumer feedback and insights to refine product offerings. Its Website (www.lulus.com), mobile app, merchandising, customer, order, and warehouse management systems are proprietary, purpose-built solutions. It operates three leased distribution facilities: a facility located in Chico, California; a facility located in Easton, Pennsylvania, and a facility located in Ontario, California. Its trademarks, including LULUS and Graphic, are registered with the United States Patent and Trademark Office. It also owns the registrations for LULU'S, LOVELULUS, and COVETED CURATED COLLECTED.
LULU'S FASHION LOUNGE HOLDINGS, INC. 
