Lulu's Fashion Lounge Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 01, 2023
November 08, 2023 at 04:16 pm EST
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Lulu's Fashion Lounge Holdings, Inc. reported earnings results for the third quarter and nine months ended October 01, 2023. For the third quarter, the company reported sales was USD 83.12 million compared to USD 105.28 million a year ago. Net loss was USD 3.89 million compared to net income of USD 0.929 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.
For the nine months, sales was USD 280.22 million compared to USD 348.69 million a year ago. Net loss was USD 12.1 million compared to net income of USD 8.97 million a year ago. Basic loss per share from continuing operations was USD 0.31 compared to basic earnings per share from continuing operations of USD 0.23 a year ago. Diluted loss per share from continuing operations was USD 0.31 compared to diluted earnings per share from continuing operations of USD 0.23 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.