Lulu's Fashion Lounge Q1 revenue falls on fewer orders

Lulus Fashion Lounge Holdings

13/05/2026 21:15

Overview

US women's apparel retailer's Q1 revenue fell 10% yr/yr, driven by fewer orders and higher returns

Gross margin expanded 480 basis points to 45.1%, net loss narrowed by $3.9 mln

Company reduced net debt by $5.8 mln and reaffirmed full-year outlook for positive Adjusted EBITDA

Outlook

Company reaffirms 2026 outlook, expects positive Adjusted EBITDA and improved net revenue growth

Lulu's expects capital expenditures of $2.0 mln to $2.5 mln for 2026

Company expects positive Adjusted EBITDA in Q2 2026, outperforming prior-year quarter

Result Drivers

ASSORTMENT RESET - Co said a strategic reset of casual apparel and footwear to better match customer demand and margin objectives contributed to lower revenue and order volume

MARGIN IMPROVEMENT - Gross margin expanded 480 basis points, which co attributed to improved assortment strategy, leaner cost structure, and ongoing optimization efforts

WHOLESALE GROWTH - Co said wholesale revenue doubled yr/yr, highlighting increased engagement and opportunity to expand its footprint

Company press release: ID:nGNX5tTdxM

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$57.5 mln
Q1 Net Income
-$4.1 mln
Q1 Adjusted EBITDA
-$1.5 mln
Q1 Gross Profit
$26 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)