Fashion brand Lulu's jumps on upbeat 2022 revenue forecast

Lulus Fashion Lounge Holdings

31/03/2022 21:44

** Shares of women's fashion brand  LVLU.O  rise ~10% to
$7.45 in extended trading 
    ** Co forecasts full-year 2022 revenue between $480 mln and
$490 mln, above analysts' average expectation of $472.1 mln, per
Refinitiv IBES data 
    ** LVLU says Q4 revenue rose about 78% to $96.8 mln, topping
analysts' estimates of $92.7 mln 
    ** Co also posts a smaller-than-expected Q4 adjusted loss
per share  urn:newsml:reuters.com:*:nGNX6hZYWb
    ** Up to Thursday's close, stock had fallen ~58% from its
November IPO price of $16

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com))