Lulus Fashion Lounge Q2 2024 GAAP EPS $(0.26) Down From $(0.07) YoY, Sales $91.97M Miss $96.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lulus Fashion Lounge (NASDAQ:LVLU) reported a significant decline in its Q2 2024 financial performance. The company posted a GAAP EPS of $(0.26), a 271.43% decrease from $(0.07) YoY, and sales of $91.97M, missing the $96.46M estimate and down 13.34% from $106.12M YoY.
August 14, 2024 | 8:25 pm
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Lulus Fashion Lounge reported a significant decline in Q2 2024 financial performance with a GAAP EPS of $(0.26), a 271.43% decrease YoY, and sales of $91.97M, missing the $96.46M estimate and down 13.34% YoY.
The significant decline in both EPS and sales, along with missing analyst estimates, is likely to negatively impact LVLU's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100