Lulu's Fashion Lounge Revises FY24 Net Revenue Outlook From $350M-$370M To $350M-$360, Est $354.58M
In light of softer than expected net revenue in the first quarter of 2024, the company is adjusting net revenue outlook for the full year 2024. Due to actions being taken to improve Gross Margin, as well as ongoing discipline in managing costs, it is increasing the low end of Adjusted EBITDA outlook for the year.