Lulus Reports Third Quarter 2024 Results
Lulu's Fashion Lounge Holdings, Inc. (LVLU)
Company Research
Source: GlobeNewswire
Significant Sequential Quarterly Net Revenue Comp Improvement with Q3 Reaching Negative Low Single Digits Updated Outlook for Q4 and Fiscal Year 2024 CHICO, Calif., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Lulu’s Fashion Lounge Holdings, Inc. (“Lulus” or the “Company”) (Nasdaq: LVLU) today reported financial results for the third quarter ended September 29, 2024. Crystal Landsem, CEO of Lulus, said: “Third quarter net revenue came in ahead of our outlook, driven by record growth in special occasion and bridesmaid dress categories, boosting overall dress sales and reinforcing our strength in event apparel. This gain was offset by continued softness in our casual wear business, which we are strategically reevaluating to better align with our core focus on event attire. As a result, we took a proactive approach to inventory management, leveraging markdowns and promotions to end the quarter with a 7% decline in inventory, outpacing our 3% decline in net revenue. While these actions weighed
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News
- 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 Fashion Lounge Holdings Inc (LVLU) Q3 2024 Earnings Call Highlights: Record Growth in ... [Yahoo! Finance]Yahoo! Finance
- Lulus to Report Third Quarter 2024 Results on November 13, 2024GlobeNewswire
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- Lulus Joins Forces With Dillard’s in Strategic U.S. Wholesale ExpansionGlobeNewswire
LVLU
Earnings
- 11/13/24 - Miss
LVLU
Sec Filings
- 11/13/24 - Form SC
- 11/13/24 - Form 8-K
- 11/13/24 - Form 10-Q
- LVLU's page on the SEC website