Lulu's Fashion Lounge Holdings Sees FY24 Capital Expenditure Plan Reduced To ~3.5M; Reduction Of $1.5M-$2.5M Relative To Previous Estimate
Portfolio Pulse from Benzinga Newsdesk
Lulu's Fashion Lounge Holdings has announced a reduction in its FY24 capital expenditure plan to approximately $3.5 million, which is a decrease of $1.5 million to $2.5 million from the previous estimate.
August 14, 2024 | 8:46 pm
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Lulu's Fashion Lounge Holdings has reduced its FY24 capital expenditure plan to approximately $3.5 million, a decrease of $1.5 million to $2.5 million from the previous estimate.
The reduction in capital expenditure indicates a more conservative financial approach, which could be seen positively by investors as it may lead to better cash flow management and potentially higher profitability in the short term.
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