Quarterly ResultMay 13, 2026, 04:22 PM
Lulu's Fashion Lounge Q1 Revenue Down 10.3% to $57.5M; Net Loss $(4.09)M
AI Summary
Lulu's Fashion Lounge Holdings, Inc. reported a net revenue decrease of 10.3% to $57.5 million for the thirteen weeks ended March 29, 2026, compared to the prior year. Despite the revenue decline, the company significantly narrowed its net loss to $(4.09) million, an improvement from $(7.99) million in the same period last year, with basic loss per share improving to $(1.44). The company also increased its cash and cash equivalents to $7.44 million from $2.66 million at the end of fiscal 2025 and entered into a new $20.0 million asset-based revolving credit facility.
Key Highlights
- Net revenue decreased 10.3% to $57.5 million for Q1 2026.
- Net loss improved to $(4.09) million from $(7.99) million year-over-year.
- Basic loss per share improved to $(1.44) from $(2.86) year-over-year.
- Gross profit increased 0.4% to $25.9 million.
- Cash and cash equivalents rose to $7.44 million from $2.66 million.
- Net cash provided by operating activities was $6.9 million.
- Entered a new $20.0 million asset-based revolving credit facility.
- A 1-for-15 reverse stock split was effective July 7, 2025.
Price Impact
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