Lulu's Fashion Lounge Preliminary Q2 Revenue Of $90.5M-$91.5M Vs $102.82M Est.
Portfolio Pulse from Benzinga Newsdesk
Lulu's Fashion Lounge has released its preliminary Q2 2024 revenue estimates, expecting net revenue between $90.5 million and $91.5 million, a decline of approximately 14.7% to 13.8% compared to the same period last year. Adjusted EBITDA is expected to be between ($0.9) million and ($0.2) million, down from $4.2 million last year. The company also anticipates a pre-tax loss of $5.2 million to $4.5 million, compared to $1.7 million last year.
August 01, 2024 | 8:50 pm
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NEGATIVE IMPACT
Lulu's Fashion Lounge has reported a significant decline in its preliminary Q2 2024 revenue and adjusted EBITDA, along with an increased pre-tax loss. This indicates potential short-term negative impact on the stock price.
The preliminary Q2 2024 revenue is significantly lower than the previous year and below estimates. The adjusted EBITDA has turned negative, and the pre-tax loss has widened. These factors are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100