LVLU - Lulu's Fashion Lounge beats on top and bottom lines in first earnings report

Lulu's Fashion Lounge Holdings (NASDAQ:LVLU) outperforms FQ3 expectations in its first earnings report as a public company. Net revenue was $106.3M, beats by $0.8M, and EPS were $0.13, beats by $0.02. Revenue growth was driven by an average order volume of $125, compared to $103 in the prior year, and 9% active customer growth. FY21 outlook: The company expects net revenue between $370M and $372M vs consensus of $368M, and adjusted EBITDA between $38M and $39M. This equates to an expected Adjusted EBITDA Margin of 10.3% and 10.5%, as compared to 7.6% in 2020. Shares are up 3.5% AH. See which other stocks are seeing major gains or losses with Seeking Alpha's "On the Move" page here.

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Lulu's Fashion Lounge beats on top and bottom lines in first earnings report