Lulu's Fashion Lounge Holdings, Inc. (NASDAQ: LVLU) reported Q1 EPS of ($0.15), $0.11 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $77.3 million versus the consensus estimate of $83.58 million.

GUIDANCE:

Lulu's Fashion Lounge Holdings, Inc. sees FY2024 revenue of $350-360 million, versus the consensus of $354.6 million, which represents between a -1.5% decrease and a 1.4% increase compared to 2023. With markdown sales anticipated to remain below prior year levels, we expect our Gross Margin to be approximately 180 and 200 basis points higher compared to 2023.
We expect Adjusted EBITDA to be between $6 million and $8 million, which represents an increase of between 86% and 148% compared to 2023.
We continue to expect capital expenditures to be between $5 million and $6 million, which represents an increase of between 28% and 54% compared to 2023.

For earnings history and earnings-related data on Lulu's Fashion Lounge Holdings, Inc. (LVLU) click here.