From GlobeNewswire: 2025-03-27 16:43:00

Lulu’s Fashion Lounge Holdings, Inc. reported a significant reduction in total expenses as a percent of net revenue in Q4’24 due to cost reductions. The company’s fiscal year 2025 outlook focuses on growth in operating cash flow. Despite a decrease in net revenue in 2024, the company is optimistic about driving growth in 2025 through cost reduction and strategic partnerships.

In Q4’24, Lulus saw positive sales growth in occasion dress categories but continued softness in casual wear. Cost reduction efforts and consolidation of distribution facilities led to a narrower net loss. The company aims to strengthen its cash position, return to profitability, and enhance inventory turns in 2025. Future success hinges on consumer behavior and economic factors.

For Q4’24, Lulus reported a 12% decrease in net revenue compared to the same period last year. Gross profit and margin also decreased, contributing to a net loss. Adjusted EBITDA improved slightly but remained negative. The company’s financial outlook for 2025 anticipates reduced markdowns, margin expansion, and positive operating cash flow.

Lulus will host a conference call to discuss its financial results for Q4’24 and the fiscal year 2025. The company, known for offering affordable luxury fashion for women, aims to make every woman feel beautiful and special. Forward-looking statements caution that actual results may vary due to risks and uncertainties. Non-GAAP financial measures are used to evaluate performance and liquidity.

Key operating and financial metrics show Lulus’ net loss, adjusted EBITDA, and free cash flow for Q4’24 and the fiscal year 2024. Gross margin, active customers, average order value, and total orders placed are also highlighted. Non-GAAP measures like adjusted EBITDA and net debt provide insights into the company’s financial health and performance. Contact Abbygail Reyes for more information.



Read more at GlobeNewswire:: Lulus Reports Fourth Quarter and Fiscal Year 2024 Results