LULU’S FASHION LOUNGE Reports 19.3% Decrease in Total Revenue for FY2023 Q2
August 28, 2023
🌥️Earnings Overview
At the conclusion of FY2023 Q2 on June 30 2023, LULU’S FASHION LOUNGE ($NASDAQ:LVLU) had reported total revenue of USD 106.1 million; however, this was 19.3% lower than the same period in the prior year. In contrast, the company’s net income had dropped from USD 6.0 million to a net loss of USD -2.6 million.
Analysis
GoodWhale has analyzed the fundamentals of LULU’S FASHION LOUNGE and the results show that the company is strong in asset, medium in profit and weak in dividend and growth. To better understand the financial health of the company, GoodWhale has calculated a score of 6/10 which indicates that the company is likely to sustain future operations in times of crisis. Based on the Star Chart results, LULU’S FASHION LOUNGE has been classified as a ‘rhino’, which indicates that the company has achieved moderate revenue or earnings growth. With this information, investors who are interested in companies that have achieved moderate growth and have a good financial standing, such as hedge fund managers, value investors, and portfolio managers, may be interested in LULU’S FASHION LOUNGE. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for LVLU. More…
| Total Revenues | Net Income | Net Margin |
| 393.34 | -12.53 | -3.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LVLU. More…
| Operations | Investing | Financing |
| 3.96 | -4.14 | -2.73 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for LVLU. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 164.7 | 100.03 | 1.61 |
Key Ratios Snapshot
Some of the financial key ratios for LVLU are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.0% | -16.4% | -3.2% |
| FCF Margin | ROE | ROA |
| -0.0% | -12.2% | -4.7% |
Peers
In the world of fashion retail, there are always going to be companies that compete against one another for market share. Lulus Fashion Lounge Holdings Inc is no exception. Some of its main competitors include Adler Modemarkte AG, Tokyo Base Co Ltd, and Express, Inc. While each company has its own unique selling points, they all ultimately want to achieve the same goal: to be the go-to retailer for fashion-savvy consumers.
– Adler Modemarkte AG ($LTS:0P54)
Adler Modemarkte AG is one of the leading fashion retailers in Germany. The company operates over 1,000 stores in Germany, Austria, and Switzerland. Adler offers a wide range of products for women, men, and children, including clothing, shoes, and accessories. The company’s strong performance is attributable to its focus on customer service and its ability to offer a wide variety of fashion products at competitive prices. Adler’s return on equity is one of the highest in the German retail sector, and the company’s market capitalization reflects its strong position in the German retail market.
– Tokyo Base Co Ltd ($TSE:3415)
Tokyo Base Co Ltd is a Japanese company that manufactures and sells auto parts. The company has a market cap of 16.05B as of 2022 and a Return on Equity of 15.3%. Tokyo Base Co Ltd is a publicly traded company on the Tokyo Stock Exchange.
– Express, Inc. ($NYSE:EXPR)
Express, Inc. is a specialty apparel and accessories retailer that offers both women’s and men’s merchandise. The company’s market cap is 89.4M as of 2022 and its ROE is -338.45%. Express operates over 600 stores in the United States and Puerto Rico. The company offers a variety of products including, but not limited to, jeans, dresses, tops, and shoes.
Summary
Investors may be concerned with the financial results reported by LULU’S FASHION LOUNGE for the second quarter of fiscal year 2023. Total revenue decreased by 19.3% compared to the same period last year, and the company reported a net loss of USD 2.6 million, compared to a net income of USD 6.0 million in the same period in the previous year. Despite strong revenue growth in the previous year, investors should be further examining the financial results to better determine the future prospects of the company.
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