Why LightInTheBox Shares Are Gaining Today
Portfolio Pulse from Akanksha Bakshi
LightInTheBox Holding Co Ltd (NYSE:LITB) reported Q1 FY23 sales growth of 57.6% YoY to $147.8 million, with sales from Apparel increasing by 77.3% YoY. The gross margin expanded to 55.8%, and the operating loss reduced to $3.96 million. The company expects Q2 FY23 net revenues to be between $180 million and $200 million.
May 26, 2023 | 12:28 pm
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LightInTheBox reported strong Q1 FY23 results with sales growth of 57.6% YoY and an improved gross margin. The company expects Q2 FY23 net revenues to be between $180 million and $200 million.
LightInTheBox reported a significant increase in sales and an improved gross margin, indicating a strong financial performance. The positive outlook for Q2 FY23 net revenues further supports the likelihood of the stock price going up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100