Fashion brand Lulu's jumps on raising 2022 revenue forecast

Lulus Fashion Lounge Holdings

17/05/2022 21:32

** Shares of women's fashion brand  LVLU.O  up ~8% at $10.85
after the bell
    ** LVLU now expects full-year 2022 revenue of between $490
mln and $500 mln, up from prior forecast of $480 mln to $490 mln
    ** Analysts on an average expect 2022 revenue of $486.9 mln,
per Refinitiv IBES data 
    ** Q1 revenue rises about 62% to $111.9 mln, topping
analysts' estimates of $98.8 mln
    ** LVLU posts Q1 net income of $2 mln, or 5 cents per share,
compared to a loss of $1.4 mln, or 8 cents, a year earlier
 urn:newsml:reuters.com:*:nGNX8JXk0G
    ** Up to Tuesday's close, stock had fallen ~37% from its
November IPO price of $16

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))