Lulus Reports Second Quarter 2024 Results
Lulu's Fashion Lounge Holdings, Inc. (LVLU)
Company Research
Source: GlobeNewswire
Sequential Improvement of 180bps in Quarterly Net Revenue Comps from Q1 2024 to Q2 2024 Gross Margin Rate of 45.5%, up 80bps from Second Quarter 2023 Provides Third Quarter 2024 Financial Outlook CHICO, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Lulu’s Fashion Lounge Holdings, Inc. (“Lulus” or the “Company”) (Nasdaq: LVLU) today reported financial results for the second quarter ended June 30, 2024. Crystal Landsem, CEO of Lulus, said: "Our second quarter results were in line with the expectations laid out in our preliminary results, reflecting persisting headwinds that carried through the first half of the year from lower sales comps driven by lower markdown sales due to less markdown inventory, overall higher return rates resulting from a slower transition to our new return policy, and softer sales within our casual business. As our product assortment evolution progressed, quarterly net revenue comps improved sequentially by 180 basis points in the period. We saw cont
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News
- Lulu's Fashion Lounge cuts board to 6 members to cut costs, streamline business [Seeking Alpha]Seeking Alpha
- Lulus Announces Reduction in Size of its Board of DirectorsGlobeNewswire
- Lulu's Fashion Lounge Holdings, Inc. (NASDAQ: LVLU) had its "market perform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $2.00 price target on the stock.MarketBeat
- Lulus Reports Second Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Lulu's Fashion Lounge Holdings, Inc. (NASDAQ: LVLU) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $1.25 to $1.00. They now have a "neutral" rating on the stock.MarketBeat
LVLU
Earnings
- 8/14/24 - Miss
LVLU
Sec Filings
- 9/13/24 - Form 144
- 9/5/24 - Form 4
- 9/5/24 - Form 4
- LVLU's page on the SEC website