AI Earnings Predictions for Lulu's Fashion Lounge Holdings Inc. (LVLU)

EX-99.1

2 lvlu-20260513xex99d1.htm

EX-99.1

Exhibit 99.1

Lulus Reports First Quarter 2026 Results

Net Loss Improves by $3.9 Million in Q1’26 vs Q1’25 Underscoring Continued Operational and Financial Momentum

Gross Margin increased 480 basis points in Q1’26 vs Q1’25

Reduced Total Debt by $1.1M and Net Debt by $5.8M During Q1’26

​

CHICO, Calif., May 13, 2026 -- Lulu’s Fashion Lounge Holdings, Inc. (“Lulus” or the “Company”) (Nasdaq: LVLU) today reported financial results for the first quarter ended March 29, 2026 and reaffirmed its financial outlook for the fiscal year ending January 3, 2027.

Crystal Landsem, CEO of Lulus, said:

“Our first quarter results reflect continued progress in strengthening the foundation of the business, even as we took deliberate strategic actions to re-position our assortment as we move into our peak selling periods. During the quarter, we prioritized higher quality demand and disciplined order economics, while more aggressively resetting our casual apparel and footwear assortments to better align with customer demand and margin objectives. As expected, these actions resulted in softer top-line results on a sequential basis, however, gross margins expanded by 480 basis points and Adjusted EBITDA improved by $3.1 million year-over-year, supported by our improved assortment strategy, leaner cost structure, and ongoing optimization efforts. Furthermore, our wholesale revenue doubled year-over-year, highlighting the strong engagement and meaningful opportunity we see in the near- and long-term to expand our footprint and put Lulus in the hands of more consumers nationwide.”

​

“With a more focused assortment, continued emphasis on higher-margin event-driven categories while the casual apparel and footwear reset are underway, and a strengthened balance sheet—including a $5.8 million reduction in Net Debt—we are confident in extending our momentum and driving improved profitability, cash generation, and customer engagement throughout the year.”

​

First Quarter 2026 Highlights:

●Net revenue of $57.5 million, a 10% decrease compared to the same period last year, driven by a 15% decrease in Total Orders Placed and the impact of higher return rates driven primarily from sales mix, partially offset by a 4% increase in Average Order Value from $136 to $142, compared to the same period last year.

●Active Customers of 2.3 million, an 11% decrease compared to 2.6 million in the same period last year, and a decrease of 3% from fourth quarter 2025.

●Gross profit increased 0.4% to $25.9 million and Gross Margin increased 480 basis points to 45.1%, in each case compared to the same period last year.

●Net loss of $4.1 million, compared to net loss of $8.0 million in the same period last year.

●Adjusted EBITDA* of $(1.5) million, compared to $(4.7) million in the same period last year.

●Inventory balance of $33.1 million, a 17% decrease compared to $39.7 million in the same period last year, reflecting the disciplined reset in casual apparel and footwear.

●Net cash provided by operating activities of $6.9 million, compared to $8.3 million in the same period last year.

●Free Cash Flow* of $6.5 million, compared to $7.8 million in the same period last year.

●Total debt and Net Debt* decreased by $1.1 million and $5.8 million to $13.3 million and $5.9 million, respectively, during the thirteen weeks ended March 29, 2026.

​

Note: “*” represents a non-GAAP financial measure. See “Use of Non-GAAP Financial Measures and Other Operating Metrics” section below for definitions of these metrics.

​

​

1

Heidi Crane, CFO of Lulus, said:

​

“As we move through 2026, we are prioritizing profitability by advancing margin optimization efforts, a tighter and higher-margin assortment strategy, and continued execution of our sourcing, SKU rationalization and cost reduction initiatives. While our targeted assortment reset in the first quarter weighed on Adjusted EBITDA performance during the period as anticipated, we drove significant improvement in our margin profile and bottom-line results year-over-year, setting the stage for improved performance throughout the year. We expect Adjusted EBITDA to return to positive in the second quarter and remain confident in our ability to achieve positive Adjusted EBITDA for the full year, while continuing to strengthen cash generation and our balance sheet. Notably, during the first quarter, we reduced total debt and Net Debt by $1.1 million and $5.8 million respectively, further strengthening our financial position.”

​

2026 Financial Outlook:

​

We are reaffirming our outlook for the full year fiscal 2026:

​

●We expect Adjusted EBITDA to inflect to positive, compared to $(1.2) million in 2025, and the net revenue growth trend to improve year-over-year, compared to a decrease of 11% in 2025.

●We expect capital expenditures to be between $2.0 million and $2.5 million, inclusive of capitalized software, comparable to 2025 levels.

​

For the second quart

EX-99.1

2 lvlu-20260330xex99d1.htm

EX-99.1

Exhibit 99.1

Lulus Reports Fourth Quarter and Fiscal Year 2025 Results

Gross profit increased 11% in Q4’25 vs Q4’24

​

CHICO, Calif., March 30, 2026 -- Lulu’s Fashion Lounge Holdings, Inc. (“Lulus” or the “Company”) (Nasdaq: LVLU) today reported financial results for the fourth quarter and fiscal year ended December 28, 2025 and issued its financial outlook for the fiscal year ending January 3, 2027.

Crystal Landsem, CEO of Lulus, said:

“Our fourth quarter results highlight the significant, steady progress we delivered in 2025, and represent another proof point of the momentum building across the business. Throughout the year, we saw sequential quarterly improvement in our year-over-year net revenue comparisons. In 2025, we made substantial progress towards profitability, including four consecutive quarters of product margin expansion resulting in a 200-basis-point gross margin improvement for the year. These results reinforce the impact of our focused assortment strategy, ongoing optimization efforts, and higher margin event-driven mix.

​

Importantly, we delivered our third consecutive quarter of positive Adjusted EBITDA, supported by our leaner cost structure and product margin gains. As we continue to reposition our casual wear and footwear categories, the measurable progress we’ve made each quarter gives us strong conviction in our strategy and key priorities. We believe we entered 2026 well positioned to extend our positive momentum through disciplined execution and capitalizing on our strengths in event dressing. We remain committed to fueling our core business and broadening and enhancing customer engagement to unlock sustainable, long-term profitability.”

​

Fourth Quarter 2025 Highlights:

●Gross profit increased 11% to $27.9 million and Gross Margin increased 640 basis points to 44.3%, in each case compared to the same period last year.

●Net revenue of $63.0 million, a 5% decrease compared to the same period last year, driven by an 11% decrease in Total Orders Placed, partially offset by a 6% increase in Average Order Value (“AOV”) from $129 to $137, compared to the same period last year.

●Net loss of $0.4 million, compared to net loss of $31.9 million, or net loss of $3.4 million excluding a non-cash goodwill impairment charge of $28.4 million, in the same period last year.

●Adjusted EBITDA* of $2.6 million, compared to $(3.3) million in the same period last year.

●Net cash used in operating activities of $3.8 million, compared to net cash used in operating activities of $2.5 million in the same period last year.

●Free Cash Flow* of $(4.3) million, compared to $(3.0) million in the same period last year.

​

Note: “*” represents a non-GAAP financial measure. See “Use of Non-GAAP Financial Measures and Other Operating Metrics” section below for definitions of these metrics.

​

Fiscal Year 2025 Highlights:

●Gross profit decreased 6% to $122.1 million but Gross Margin increased 200 basis points to 43.2%, in each case compared to 2024.

●Net revenue of $282.3 million, an 11% decrease compared to 2024, driven by a 15% decrease in Total Orders Placed, partially offset by a 2% increase in AOV from $137 to $140, compared to 2024.

●Active Customers of 2.3 million, a 11% decrease compared to 2.6 million in 2024.

●Net loss of $13.7 million, compared to net loss of $55.3 million in 2024. Included in net loss for 2024 was a non-cash goodwill impairment charge of $28.4 million.  Excluding the non-cash goodwill impairment charge, our net loss in 2024 was $26.9 million.

●Adjusted EBITDA* of $(1.2) million, compared to $(9.7) million in 2024.

1

●Net cash provided by operating activities of $1.4 million, compared to $2.6 million in 2024.

●Free Cash Flow* of ($0.8) million, compared to $(0.3) million in 2024.

●Total debt and Net Debt* was $14.4 million and $11.7 million, respectively, as of December 28, 2025.

​

Note: “*” represents a non-GAAP financial measure. See “Use of Non-GAAP Financial Measures and Other Operating Metrics” section below for definitions of these metrics.

​

Heidi Crane, CFO of Lulus, said:

“Our financial performance throughout 2025 gives us confidence in the strength of our fundamentals and the resilience of our model. Over the course of the year, we delivered meaningful progress across our key profitability drivers — including sustained product margin expansion, improved gross margins, favorable return behavior, and a more efficient cost structure — all supported by disciplined inventory management and ongoing operational rigor. These achievements, combined with the completion of our new asset-based credit facility, have strengthened our liquidity position and enhanced our financial flexibility heading into the new year.

​

In 2026, we remain focused on driving profitability through continued margin optimization, a more curated and higher margin assortment mix, and the ongoing benefits of our sourcing, SKU rationalization,

Lulu’s Fashion Lounge Holdings, Inc._November 12, 2025 0001780201false00017802012025-11-122025-11-12 ​

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 November 12, 2025 Date of Report (date of earliest event reported)

Lulu’s Fashion Lounge Holdings, Inc. (Exact name of Registrant as Specified in its Charter)

​ ​

​

​

Delaware 001-41059 20-8442468

(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification Number)

​ 195 Humboldt Avenue Chico, California 95928 (Address of Principal Executive Offices) (Zip Code) (530) 343-3545 (Registrant’s Telephone Number, Including Area Code) N/A (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ​ Securities registered pursuant to Section 12(b) of the Act: ​ ​

​

​

​

Title of Each Class

Trading Symbol(s)

Name of Each Exchange on Which Registered

Common Stock, par value $0.001 per share

LVLU

The NASDAQ Stock Market LLC

​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐

Item 2.02 Results of Operations and Financial Condition. On November 12, 2025, Lulu’s Fashion Lounge Holdings, Inc. (“Lulus”) issued a press release containing Lulus’ financial results for its third quarter ended September 28, 2025, providing its Adjusted EBITDA financial outlook for the fourth quarter ending December 28, 2025 and reaffirming its capital expenditure outlook for the year ending December 28, 2025. A copy of Lulus’ press release is attached hereto as Exhibit 99.1. The information contained in this Current Report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. ​ ​ Item 9.01 Financial Statements and Exhibits. (d)  Exhibits The following exhibits are furnished herewith: ​

​

​

Exhibit Number

Description

99.1

​

Press release issued by Lulu’s Fashion Lounge Holdings, Inc. on November 12, 2025. ​ ​

104

​

Cover Page Interactive Data File (formatted as inline XBRL).

​ ​ ​

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ​ ​

​

​

​

​

​ ​

Lulu’s Fashion Lounge Holdings, Inc.

​ ​ ​ ​

Date: November 12, 2025 ​ By: /s/ Crystal Landsem

​ ​ ​ ​ Crystal Landsem

​ ​ ​ ​ Chief Executive Officer

​ ​