LightInTheBox Posts 45% Topline Growth In Q2 Driven By Solid Apparel Sales
Portfolio Pulse from Shivani Kumaresan
LightInTheBox Holding Co Ltd (NYSE:LITB) reported Q2 FY23 sales growth of 44.9% YoY to $191.77 million, driven by a 46.1% increase in product sales. However, services and other sales fell by 19.3%. The company's gross margin expanded to 57.5%, and gross profit rose by 50.5%. The operating expense increased by 47.8% YoY, resulting in an operating loss of $1.6 million. The company expects Q3 net revenues of $145 million - $160 million.
September 15, 2023 | 2:18 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
LightInTheBox reported strong Q2 FY23 results with significant sales growth and margin expansion. However, the company also reported an operating loss and expects macroeconomic turbulence to impact Q3 performance.
The strong sales growth and margin expansion reported by LightInTheBox are positive indicators for the company's performance. However, the operating loss and the expected impact of macroeconomic turbulence on Q3 performance could potentially affect the company's stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100