<span item_type="fundamental" item_id="1543c8b9536cbda30e81aa5d67029966" counter_id="ST/US/LVLU" env="prod"></span><span item_type="announcement" item_id="648010414663469569" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 57.53 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD -1.44.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -3.153 M.</p><p></p><h4>Net Revenue</h4><p>Lulu’s Fashion Lounge Holdings, Inc. reported net revenue of $57.5 million for the first quarter ended March 29, 2026, which is a 10% decrease compared to $64.155 million in the same period last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1780201/000110465926060219/lvlu-20260513xex99d1.htm"></span> This decrease was primarily due to a 15% reduction in Total Orders Placed, partially offset by a 4% increase in Average Order Value (AOV).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1780201/000110465926060219/lvlu-20260513xex99d1.htm"></span> Wholesale revenue doubled year-over-year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1780201/000110465926060219/lvlu-20260513xex99d1.htm"></span></p><h4>Gross Profit and Margin</h4><p>Gross profit increased by 0.4% to $25.9 million for Q1 2026, compared to $25.841 million in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1780201/000110465926060219/lvlu-20260513xex99d1.htm"></span> The gross margin expanded by 480 basis points to 45.1% in Q1 2026, up from 40.3% in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1780201/000110465926060219/lvlu-20260513xex99d1.htm"></span></p><h4>Net Loss</h4><p>The net loss for Lulu’s Fashion Lounge Holdings, Inc. improved to - $4.1 million in Q1 2026, compared to a net loss of - $8.0 million in the same period last year, representing a $3.9 million improvement year-over-year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1780201/000110465926060219/lvlu-20260513xex99d1.htm"></span></p><h4>Operating Expenses</h4><p>Selling and marketing expenses were $14.037 million in Q1 2026, down from $15.915 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1780201/000110465926060219/lvlu-20260513xex99d1.htm"></span> General and administrative expenses decreased to $15.458 million from $18.044 million year-over-year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1780201/000110465926060219/lvlu-20260513xex99d1.htm"></span> Loss from operations improved to - $3.547 million in Q1 2026 from - $8.118 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1780201/000110465926060219/lvlu-20260513xex99d1.htm"></span></p><h4>Adjusted EBITDA</h4><p>Adjusted EBITDA was - $1.5 million for Q1 2026, a $3.1 million improvement compared to - $4.7 million in the same period last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1780201/000110465926060219/lvlu-20260513xex99d1.htm"></span> The Adjusted EBITDA Margin was -2.7%, up from -7.3% in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1780201/000110465926060219/lvlu-20260513xex99d1.htm"></span></p><h4>Cash Flow</h4><p>Net cash provided by operating activities was $6.9 million in Q1 2026, a decrease from $8.3 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1780201/000110465926060219/lvlu-20260513xex99d1.htm"></span> Free Cash Flow was $6.5 million, down from $7.8 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1780201/000110465926060219/lvlu-20260513xex99d1.htm"></span></p><h4>Debt and Inventory</h4><p>Total debt decreased by $1.1 million to $13.3 million, and Net Debt decreased by $5.8 million to $5.9 million during the thirteen weeks ended March 29, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1780201/000110465926060219/lvlu-20260513xex99d1.htm"></span> The inventory balance was $33.1 million, a 17% decrease compared to $39.7 million in the same period last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1780201/000110465926060219/lvlu-20260513xex99d1.htm"></span></p><h4>Operational Metrics</h4><p>Active Customers decreased by 11% to 2.3 million in Q1 2026, compared to 2.6 million in the same period last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1780201/000110465926060219/lvlu-20260513xex99d1.htm"></span> Average Order Value increased by 4% to $142 from $136 year-over-year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1780201/000110465926060219/lvlu-20260513xex99d1.htm"></span></p><h4>Outlook / Guidance</h4><p>Lulu’s Fashion Lounge Holdings, Inc. reaffirmed its financial outlook for the full fiscal year 2026, anticipating Adjusted EBITDA to become positive, an improvement from - $1.2 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1780201/000110465926060219/lvlu-20260513xex99d1.htm"></span> The company also expects an improved year-over-year net revenue growth trend compared to an 11% decrease in 2025, with capital expenditures projected between $2.0 million and $2.5 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1780201/000110465926060219/lvlu-20260513xex99d1.htm"></span> For the second quarter of 2026, the company expects positive Adjusted EBITDA that will outperform the results from the same period last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1780201/000110465926060219/lvlu-20260513xex99d1.htm"></span></p>

Lulus Fashion Lounge | 8-K: FY2026 Q1 Revenue: USD 57.53 M