- Lulu’s Fashion Lounge Holdings Inc LVLU reported first-quarter FY22 sales growth of 62% year-on-year, to $111.90 million, beating the consensus of $98.78 million.
- The gross profit increased 70% Y/Y to $52.9 million, and the margin expanded 220 basis points to 47.3%.
- The operating margin was 2.9%, and operating income for the quarter rose 25.8% to $3.3 million.
- The company held $19.4 million in cash and equivalents as of April 3, 2022. Net cash provided by operating activities totaled $20.2 million.
- Adjusted EBITDA increased 84% to $9.9 million.
- EPS of $0.05 was in line with the consensus.
- Outlook: Lulus raised FY22 sales guidance to $490 million - $500 million from $480 million - $490 million, versus the consensus of $486.92 million.
- It expects an adjusted EBITDA of $50 million - $51 million (prior view $48.5 million - $50 million).
- Price Action: LVLU shares closed higher by 14.73% at $10.05 on Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in