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Lulus Sees Prelim. Q2 Sales $131M-$132M vs $133.42M Est.

CHICO, Calif., July 28, 2022 -- Lulu’s Fashion Lounge Holdings, Inc. (“Lulus” or the “Company”) (NASDAQ:LVLU) today announced preliminary unaudited financial results for the second

Benzinga · 07/28/2022 08:06

CHICO, Calif., July 28, 2022 -- Lulu’s Fashion Lounge Holdings, Inc. (“Lulus” or the “Company”) (NASDAQ:LVLU) today announced preliminary unaudited financial results for the second quarter ended July 3, 2022, and updated guidance for full year 2022. The Company also announced that it plans to release its second quarter results after the market close on Tuesday, August 16, 2022, at 5:00 p.m. Eastern Time.

Preliminary Second Quarter 2022 Highlights:

 

  We expect net revenue of approximately $131.0 million to $132.0 million, which will represent approximately 26.5% to 27.5% growth compared to the same period last year.
  We expect Adjusted EBITDA of approximately $14.5 million to $15.1 million, compared to $17.8 million during the same period last year.
  We expect net income in the range of approximately $5.6 million to $6.2 million, compared to $8.3 million during the same period last year.