Lulu's Fashion Lounge Holdings Sees Q3 Revenue $75M-$79M Vs $96.459M Est.
Portfolio Pulse from Benzinga Newsdesk
Lulu's Fashion Lounge Holdings (LVLU) has projected its Q3 revenue to be between $75 million and $79 million, significantly below the estimated $96.459 million.
August 14, 2024 | 8:46 pm
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Lulu's Fashion Lounge Holdings (LVLU) has projected its Q3 revenue to be between $75 million and $79 million, significantly below the estimated $96.459 million. This substantial miss on revenue expectations is likely to negatively impact the stock price in the short term.
The significant shortfall in projected Q3 revenue compared to estimates is likely to lead to a negative market reaction, causing a decline in LVLU's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100