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Lulu's Fashion Lounge Holdings Inc
NASDAQ:LVLU

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Lulu's Fashion Lounge Holdings Inc Logo
Lulu's Fashion Lounge Holdings Inc
NASDAQ:LVLU
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Price: 9.28 USD -0.75% Market Closed
Market Cap: $25.7m

Lulu's Fashion Lounge Holdings Inc
Investor Relations

Lulu's Fashion Lounge Holdings, Inc. operates as a holding company. The company is headquartered in Chico, California and currently employs 736 full-time employees. The company went IPO on 2021-11-11. The firm is focused on giving its customers what they want by using data coupled with human insight to deliver an assortment of luxury fashion. Lulus develops styles with the customer in mind, using direct consumer feedback and insights to refine its products. Its product creation and curation model leverage a test, learn, and reorder strategy to bring new products to market every week; It tests them in small batches, learn about customer demand, and then reorder products. The firm fulfill its customer orders from its leased distribution facilities in Chico, California; Ontario, California, and Easton, Pennsylvania.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 30, 2026
AI Summary
Q4 2025

Revenue: Fourth quarter net revenue was $63 million, down 5% year over year, while full-year revenue fell 11% to $282.3 million. Management said the business is stabilizing, but still working through weakness in casual apparel and footwear.

Margin gain: Gross margin rose sharply to 44.3% in Q4, up 640 basis points, helped by a higher mix of full-price and higher-margin products plus lower shipping costs.

Profitability: Lulu's posted its third straight quarter of positive adjusted EBITDA, with Q4 adjusted EBITDA of $2.6 million versus a loss a year ago. Management expects full-year 2026 adjusted EBITDA to turn positive.

Wholesale growth: Wholesale remained a bright spot, with revenue up 143% in 2025 and the company now in 9 major retail partners, including a nationwide Nordstrom rollout and a new Amazon storefront.

Reset underway: The company is deliberately shrinking and tightening casual and footwear assortments to improve order economics, with management saying top-line pressure from those categories should ease toward the end of Q2.

2026 outlook: Q1 adjusted EBITDA is expected to be negative due to seasonal factors and reset costs, but significantly better than last year. For the full year, revenue growth is expected to improve versus 2025.

Balance sheet: Net debt is expected to be between $7.5 million and $8 million at the end of Q1, and management emphasized continued cash generation and a leaner cost structure.

Key Financials
Net revenue
$63 million
Net revenue
$282.3 million
Gross margin
44.3%
Product margin
Up 240 basis points
Selling and marketing expenses
$11.8 million
General and administrative expenses
$16.1 million
Net loss
$0.4 million
Adjusted EBITDA
$2.6 million
Adjusted EBITDA margin
4.2%
Inventory
$32.4 million
Net debt
$11.7 million
Total debt
$14.4 million
Free cash flow
-$4.3 million
Free cash flow
-$0.8 million
Operating cash flow
$1.4 million
Capital expenditures
$2 million to $2.5 million
Order volume
11% decrease in total orders placed
Average order value
6% increase
Wholesale revenue
143% increase
Major retail partners
9
Casual and footwear owned SKU count
down approximately 17%
Casual and footwear inventory on hand
down approximately 39%
Earnings Call Recording
Other Earnings Calls

Management

Ms. Crystal Landsem
CEO & Director
No Bio Available
Mr. Mark Vos
President & Chief Information Officer
No Bio Available
Ms. Tiffany R. Smith
Chief Financial Officer
No Bio Available
Ms. Naomi Beckman-Straus
General Counsel & Corporate Secretary
No Bio Available
Ms. Laura Deady
Chief Merchandising Officer
No Bio Available

Contacts

Address
CALIFORNIA
Chico
195 Humboldt Avenue
Contacts
+15303433545.0
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