Lulu's Fashion Lounge Reports Q3 2026 Revenue Decline and Lowered Full-Year Guidance
Lulu's Fashion Lounge (LVLU) reported a significant downturn in its third quarter results, posting a GAAP EPS of -$1.48 and revenue of $58.6 million, representing a 20.4% year-over-year decrease. The company also saw gross profit drop by 16% to $26.34 million and reported an adjusted EBITDA loss of $1.8 million. A key driver of the decline appears to be a shrinking customer base, with active customers falling 14% to 2.0 million compared to the previous year. Management attributed these challenges to the impact of historical assortment decisions and subsequently revised its full-year 2026 revenue and adjusted EBITDA outlook downward.
Tickers: $LVLU
Topics: customer attrition earnings report guidance revision revenue decline