Lulus Q2 revenue falls 17% to $67.8 million; net loss narrows to $1.5 million
Lulus reported second quarter 2026 results for the period ended June 28, 2026, with net revenue down 17% year over year to $67.8 million. Net loss narrowed to $1.5 million from $3.0 million, and gross margin rose 330 basis points to 48.6%, but the company said revenue trends remain below historical levels. The company reaffirmed its fiscal 2026 outlook, including positive Adjusted EBITDA and capital expenditures of $2.0 million to $2.5 million.
Key points
- Net revenue fell 17% to $67.8 million, driven by a 17% decrease in Total Orders Placed and higher return rates.
- Net loss was $1.5 million, or $(0.52) per share, compared with a net loss of $3.0 million, or $(1.08) per share, a year earlier.
- Gross margin increased to 48.6% from 45.3%, and inventory fell 23% to $28.6 million.
- Lulus reaffirmed its fiscal 2026 outlook for positive Adjusted EBITDA and net revenue growth trend improvement.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 12, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.