Lulu's Fashion Lounge Revises FY24 Net Revenue Outlook From $350M-$370M To $350M-$360, Est $354.58M
Portfolio Pulse from Benzinga Newsdesk
Lulu's Fashion Lounge has revised its FY24 net revenue outlook from $350M-$370M to $350M-$360M, slightly below the estimated $354.58M, due to softer than expected net revenue in Q1 2024. However, the company is optimistic about improving its gross margin and maintaining cost discipline, leading to an increased low end of its Adjusted EBITDA outlook for the year.
May 08, 2024 | 9:39 pm
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Lulu's Fashion Lounge has narrowed its FY24 revenue forecast, indicating a cautious but potentially improving financial performance.
The revision of the revenue outlook by Lulu's Fashion Lounge reflects a cautious approach due to softer Q1 earnings. However, the company's focus on improving gross margins and disciplined cost management could mitigate negative impacts and stabilize the stock. The slight decrease in the revenue outlook might concern investors, but the proactive measures to improve financial health could maintain investor confidence.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90