LITB - LightInTheBox Posts 45% Topline Growth In Q2 Driven By Solid Apparel Sales | Benzinga
LightInTheBox Holding Co Ltd (NYSE: LITB) reported second-quarter FY23 sales growth of 44.9% year-on-year to $191.77 million versus $132.35 million last year.
Product sales increased 46.1% to $189.7 million, and services and others sales fell 19.3% to $2 million.
The gross margin for the quarter expanded 220 basis points to 57.5%, and the gross profit rose 50.5% to $110.2 million.
The operating expense increased 47.8% Y/Y ...