The full year 2024 capital expenditure plan has been reduced to approximately $3.5 million, a reduction of $1.5 million to $2.5 million relative to the previous estimate. The cost reduction measures are expected to contribute to an approximate 10-15% reduction in operating expenses for the second half of 2024 compared to the first half, to better align with the anticipated slower sales recovery.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LVLU:
- Is LVLU a Buy, Before Earnings?
- Lulu’s Fashion Lounge sees Q2 revenue $90.5M-$91.5M, consensus $102.82M
- Lulu’s Fashion Lounge enters strategic partnership with D’Amelio Footwear
- Lulus Unveils New Strategic Initiative with D’Amelio Footwear
- Lulus Expands Footwear Offering By Welcoming Vans Into All-New “Lulus Loves” Capsule