**Lulu’s Fashion Lounge Holdings, Inc. (LVLU)** reported a first-quarter loss of **$1.44 per share** for the period ending March 29, 2026, a narrowing from a loss of **$2.86** per share a year earlier. The company experienced a **10% year-over-year decline** in net revenues, totaling **$57.5 million**, driven by a **15% drop in total orders** but partially offset by a **4% increase in average order value** to **$142**.
Lulu’s active customers decreased to **2.3 million**, down **11%** from the previous year, while inventory fell by **17%** year-over-year to **$33.1 million**. The gross margin improved to **45.1%**, up **480 basis points**. Management reaffirmed its fiscal 2026 outlook, anticipating positive adjusted EBITDA for the year and a net revenue trend improvement compared to the **11% decline** recorded in 2025.
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