Lulus Fashion Lounge Q1 2024 GAAP EPS $(0.15) Misses $(0.06) Estimate, Sales $77.259M Miss $83.369M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lulus Fashion Lounge (NASDAQ:LVLU) reported Q1 2024 earnings with a GAAP EPS of $(0.15), missing the $(0.06) estimate by 150%, and sales of $77.259M, missing the $83.369M estimate by 7.33%. This represents a 7.14% decrease in EPS and a 15.08% decrease in sales from the same period last year.
May 08, 2024 | 8:54 pm
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Lulus Fashion Lounge reported a significant miss in both EPS and sales for Q1 2024, with a 150% miss on EPS estimates and a 7.33% miss on sales estimates, indicating a year-over-year decline.
The significant miss in both EPS and sales estimates for Lulus Fashion Lounge, coupled with the year-over-year decline in these figures, is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss, especially the 150% miss on the EPS estimate, highlights operational challenges that could concern investors.
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