Core Viewpoint - Lulu's Fashion Lounge Holdings, Inc. will release its third quarter 2025 financial results on November 12, 2025, after market close, followed by a conference call at 5:00 p.m. Eastern Time [1] Financial Results Announcement - The financial results and live webcast will be accessible through the Investor Relations section of the Company's website [2] - A replay of the conference call will be available for seven days after the call [3] Company Overview - Lulus is an attainable luxury fashion brand for women, offering modern designs at accessible prices for various occasions [4] - Founded in 1996, Lulus focuses on customer feedback to refine product offerings and enhance the customer experience [4] - The Company provides exceptional customer service through personal stylists and a bridal concierge [4]

Core Insights - Lulu's Fashion Lounge Holdings, Inc. has appointed Heidi Crane as its fractional Chief Financial Officer, effective October 13, 2025, to lead the company's financial strategy focusing on growth, operational efficiency, and long-term shareholder value [1][2][3] Company Overview - Lulus is a California-based attainable luxury fashion brand for women, offering modern and feminine designs at accessible prices, aiming to make women feel confident for various occasions [4] - Founded in 1996, Lulus utilizes direct consumer feedback to refine its product offerings and enhance customer experience, serving millions of customers globally [4] Leadership Experience - Heidi Crane brings over 17 years of CFO experience in private equity and venture-backed consumer brands, having previously led finance teams at companies like FightCamp and BH Cosmetics [3] - Crane holds an M.B.A. from UCLA Anderson School of Management and a B.S. in Business Administration from California State University, Long Beach, and is a licensed CPA [3]

Core Viewpoint - Lulu's Fashion Lounge Holdings, Inc. has entered into a new Loan and Security Agreement with White Oak Commercial Finance, which aims to enhance the company's liquidity and financial flexibility while repaying existing obligations to Bank of America [1][2]. Group 1: Financial Agreement Details - The 2025 Credit Agreement includes an asset-based revolving credit facility with a total commitment of $20 million, a $5 million uncommitted accordion, and a $1 million sublimit for letters of credit, maturing on August 14, 2028 [1]. - The initial funding from the 2025 Credit Agreement will be utilized to repay approximately $6 million outstanding under the previous credit agreement with Bank of America, resulting in $10 million of outstanding borrowings under the new agreement [2][3]. Group 2: Company Overview - Lulu's is a California-based attainable luxury fashion brand for women, offering modern and feminine designs at accessible prices, aiming to make every woman feel confident for various occasions [4]. - Founded in 1996, the company focuses on delivering fresh styles daily, utilizing direct consumer feedback to enhance product offerings and customer experience [4].

Financial Data and Key Metrics Changes - In Q2 2025, net revenue was approximately $81.5 million, a decrease of 11% year over year, driven by a 16% decrease in total orders placed, partially offset by a 1% increase in average order value [26] - Adjusted EBITDA for Q2 was approximately $500,000 compared to a loss of $200,000 in Q2 2024, with an adjusted EBITDA margin of 0.6% versus negative 0.2% in the prior year period [27] - The net loss for Q2 improved to $3 million from $10.8 million in the same period last year [27] - Free cash flow during Q2 was negative $1.9 million, reflecting a $4.9 million decrease year over year [28] - Net debt was $4.2 million at the end of Q2, a reduction from $8.6 million at the end of Q4 2024 [28] Business Line Data and Key Metrics Changes - Special occasion and bridesmaids categories were key growth drivers, while casualwear and footwear businesses continued to show softness [6][8] - Product margins improved for the third consecutive quarter, increasing by roughly 170 basis points compared to the prior year period [11] - Gross margin for the quarter was 45.3%, down 20 basis points year over year, but expanded sequentially from 40.3% in Q1 2025 [26] Market Data and Key Metrics Changes - Active customers were lower year over year, but the Love Rewards loyalty program membership saw double-digit growth, driving an overall increase in total membership [19] - Improved average order values in Q2 contributed to continued comp improvements through May [19] Company Strategy and Development Direction - The company is focused on executing strategic priorities to drive cost efficiency, optimize for long-term growth, and expand customer reach [9] - Ongoing refinements to the reorder funnel and merchandising strategy are aimed at aligning offerings with core brand identity and occasion wear [13] - The company is actively negotiating a new asset-based revolving credit facility to strengthen liquidity [29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about growth potential in wholesale and expects strong growth in this business throughout 2025 and beyond [12] - The company remains committed to maintaining positive year-to-date cash flow and investing in long-term objectives despite macroeconomic challenges [17] - Management highlighted the positive outcomes of cost management and overall business strategy amid a dynamic macroeconomic environment [31] Other Important Information - The company implemented targeted cost savings initiatives, resulting in a 15% year-over-year decline in operating expenses [14] - The transition of the CFO role is ongoing, with the current CEO serving as interim CFO while a search for a new finance leader is conducted [17] Q&A Session Summary Question: What are the expectations for the third quarter? - The company expects to generate positive adjusted EBITDA in Q3 and is confident in strengthening its liquidity position while focusing on business success [29] Question: How is the company addressing challenges in the casualwear and footwear segments? - The company is refining its merchandising strategy and has seen early signs of improvement in these categories [13] Question: What is the status of the company's credit facility negotiations? - The company is actively negotiating a new asset-based revolving credit facility and will provide updates as appropriate [9]

Core Insights - Lulu's Fashion Lounge Holdings, Inc. reported a net revenue of $81.5 million for Q2 2025, an 11% decrease year-over-year, attributed to a 16% decline in total orders placed, partially offset by a 1% increase in average order value [8][11] - The company achieved positive Adjusted EBITDA of $0.5 million, compared to a loss of $0.2 million in the same period last year, indicating improved operational efficiency [8][30] - Lulu's continues to focus on strategic initiatives to enhance cost efficiency and expand its customer base, particularly in the occasion dress segment, while repositioning its casual wear and footwear offerings [2][3] Financial Performance - Net loss for Q2 2025 was $3.0 million, a significant improvement from a net loss of $10.8 million in Q2 2024 [8][11] - Gross profit decreased by 12% to $36.9 million, with a gross margin of 45.3%, down 20 basis points from the previous year [8][30] - Active customers decreased by 8% to 2.5 million compared to 2.7 million in the same period last year [8][30] Debt and Liquidity - Total debt decreased by $4.3 million to $5.8 million, while net debt increased by $2.7 million to $4.2 million during the quarter [8][30] - The company is negotiating a new asset-based revolving credit facility to strengthen its liquidity position [3][6] Future Outlook - Lulu's expects to achieve positive Adjusted EBITDA in Q3 2025 and projects full-year capital expenditures to be approximately $2.5 million [9][10] - The company remains optimistic about its strategic initiatives and the potential for improved financial performance in the upcoming quarters [3][9]

[Management Commentary and Business Highlights](index=1&type=section&id=Management%20Commentary%20and%20Business%20Highlights) Management noted sequential improvement in net revenue, driven by occasion and bridesmaid dresses, while casual wear and footwear remained soft; the company achieved positive Adjusted EBITDA, reduced debt, and is negotiating a new credit facility - The company saw sequential improvement in revenue trends and strength in occasion dresses, but faced softness in casual wear and footwear[3](index=3&type=chunk) - Lulus achieved **positive Adjusted EBITDA**, reduced total debt, and expects continued positive Adjusted EBITDA in Q3 2025[4](index=4&type=chunk) - The company is actively repositioning its casual wear and footwear categories to better align with its core strengths in event attire[3](index=3&type=chunk) - An amendment to the Forbearance Agreement with Bank of America was executed, extending the Forbearance Termination Event and Maturity Date to August 22, 2025, as the company negotiates a new asset-based revolving credit facility[7](index=7&type=chunk) [Q2 2025 Financial & Operational Performance](index=1&type=section&id=Q2%202025%20Financial%20%26%20Operational%20Performance) In Q2 2025, Lulus reported an **11% decrease in net revenue to $81.5 million**, driven by a 16% drop in total orders, though Average Order Value increased slightly; the company significantly narrowed its net loss to $3.0 million and achieved positive Adjusted EBITDA of $0.5 million [Key Financial & Operating Metrics](index=1&type=section&id=Key%20Financial%20%26%20Operating%20Metrics) Key metrics for Q2 2025 showed a year-over-year decline in revenue and active customers, but an improvement in net loss and a shift to positive Adjusted EBITDA, with Average Order Value slightly increasing Second Quarter 2025 Financial Highlights (vs. Q2 2024) | Metric | Q2 2025 | Q2 2024 | Change | | :--- | :--- | :--- | :--- | | Net Revenue | $81.5M | $92.0M | -11% | | Gross Profit | $36.9M | $41.9M | -12% | | Gross Margin | 45.3% | 45.5% | -20 bps | | Net Loss | ($3.0M) | ($10.8M) | Improved | | Adjusted EBITDA* | $0.5M | ($0.2M) | Improved | | Active Customers | 2.5M | 2.7M | -8% | | Average Order Value | $145 | $143 | +1% | | Free Cash Flow* | ($1.9M) | $3.0M | Decreased | [Condensed Consolidated Statements of Operations](index=2&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For Q2 2025, net revenue decreased to $81.5 million, gross profit declined, but loss from operations improved, and net loss significantly reduced to ($3.0) million Statement of Operations Summary (Thirteen Weeks Ended, in millions) | Account | June 29, 2025 | June 30, 2024 | | :--- | :--- | :--- | | Net revenue | $81.52M | $91.97M | | Gross profit | $36.93M | $41.88M | | Loss from operations | ($2.62M) | ($4.47M) | | Net loss | ($3.00M) | ($10.80M) | | Diluted loss per share | ($1.08) | ($3.92) | [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 29, 2025, total assets decreased to $101.0 million, cash and equivalents declined, total liabilities increased, and total stockholders' equity significantly decreased to $4.3 million Balance Sheet Summary (in millions) | Account | June 29, 2025 | December 29, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $1.53M | $4.46M | | Inventory, net | $37.35M | $34.04M | | Total assets | $100.96M | $108.20M | | Revolving line of credit | $5.75M | $13.09M | | Total liabilities | $96.71M | $94.83M | | Total stockholders' equity | $4.25M | $13.37M | [Condensed Consolidated Statements of Cash Flows](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the twenty-six weeks ended June 29, 2025, net cash provided by operating activities decreased to $7.0 million, while net cash used in financing activities was $8.8 million, primarily due to debt repayments Cash Flow Summary (Twenty-Six Weeks Ended, in millions) | Category | June 29, 2025 | June 30, 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $6.97M | $10.64M | | Net cash used in investing activities | ($1.05M) | ($1.62M) | | Net cash used in financing activities | ($8.84M) | ($9.74M) | | Net decrease in cash and cash equivalents | ($2.93M) | ($0.73M) | [Financial Outlook](index=2&type=section&id=Financial%20Outlook) Lulus updated its financial outlook, expecting positive Adjusted EBITDA in Q3 2025 and forecasting full-year 2025 capital expenditures at approximately $2.5 million - The company expects to generate **positive Adjusted EBITDA** in the third quarter of 2025[12](index=12&type=chunk) - Full-year 2025 capital expenditures are now expected to be approximately **$2.5 million**, which is at the low end of the previously guided range of $2.5 million to $3.0 million[12](index=12&type=chunk) [Non-GAAP Financial Measures & Reconciliations](index=5&type=section&id=Non-GAAP%20Financial%20Measures%20%26%20Reconciliations) The company utilizes non-GAAP measures like Adjusted EBITDA, Net Debt, and Free Cash Flow for performance evaluation, with Q2 2025 Adjusted EBITDA at $0.5 million, Net Debt at $4.2 million, and Free Cash Flow at ($1.9) million [Definitions of Key Metrics](index=5&type=section&id=Definitions%20of%20Key%20Metrics) The report defines key non-GAAP measures and operating metrics used for performance evaluation, including Adjusted EBITDA, Active Customers, Free Cash Flow, and Net Debt - Adjusted EBITDA is defined as net loss before interest expense, income taxes, depreciation and amortization, adjusted for equity-based compensation and other non-routine expenses[20](index=20&type=chunk) - Active Customers are defined as the number of customers who made at least one purchase in the prior 12-month period[23](index=23&type=chunk) - Free Cash Flow is defined as net cash provided by operating activities less cash used for capitalized software development costs and purchases of property and equipment[25](index=25&type=chunk) - Net Debt is defined as total debt (revolving line of credit) less cash and cash equivalents[27](index=27&type=chunk) [Reconciliation of Non-GAAP Measures](index=7&type=section&id=Reconciliation%20of%20Non-GAAP%20Measures) Detailed reconciliations for non-GAAP measures show Q2 2025 Adjusted EBITDA at $0.5 million, Free Cash Flow at ($1.9) million, and Net Debt at ($4.2) million Reconciliation of Net Loss to Adjusted EBITDA (Thirteen Weeks Ended, in millions) | Account | June 29, 2025 | June 30, 2024 | | :--- | :--- | :--- | | Net loss | ($3.00M) | ($10.80M) | | Depreciation and amortization | $1.37M | $1.28M | | Interest expense | $0.86M | $0.27M | | Income tax provision (benefit) | $0.06M | $6.33M | | Equity-based compensation expense | $1.28M | $2.19M | | Other non-routine expense | $0.00M | $0.42M | | **Adjusted EBITDA** | **$0.48M** | **($0.21M)** | Reconciliation of Free Cash Flow (Thirteen Weeks Ended, in millions) | Category | June 29, 2025 | June 30, 2024 | | :--- | :--- | :--- | | Net cash (used in) provided by operating activities | ($1.36M) | $3.69M | | Capitalized software development costs | ($0.38M) | ($0.34M) | | Purchases of property and equipment | ($0.14M) | ($0.32M) | | **Free Cash Flow** | **($1.88M)** | **$3.03M** | Reconciliation of Net Debt (in millions) | Account | June 29, 2025 | December 29, 2024 | | :--- | :--- | :--- | | Total debt | ($5.75M) | ($13.09M) | | Cash and cash equivalents | $1.53M | $4.46M | | **Net Debt** | **($4.22M)** | **($8.63M)** |

PART I FINANCIAL INFORMATION [Item 1. Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) Presents Lulu's unaudited condensed consolidated financial statements, reflecting net losses and liquidity challenges [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The balance sheet shows decreased total assets and stockholders' equity, with slightly increased liabilities, driven by accumulated deficits Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 29, 2025 | December 29, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $51,596 | $51,501 | | **Total Assets** | $100,960 | $108,198 | | **Total Current Liabilities** | $82,729 | $74,325 | | **Total Liabilities** | $96,707 | $94,830 | | **Total Stockholders' Equity** | $4,253 | $13,368 | [Condensed Consolidated Statements of Operations and Comprehensive Loss](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) The statements show a net loss of $3.0 million for the thirteen weeks and $11.0 million for the twenty-six weeks ended June 29, 2025 Statement of Operations Summary (in thousands) | Metric | Thirteen Weeks Ended June 29, 2025 | Thirteen Weeks Ended June 30, 2024 | Twenty-Six Weeks Ended June 29, 2025 | Twenty-Six Weeks Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | Net revenue | $81,520 | $91,966 | $145,675 | $169,225 | | Gross profit | $36,932 | $41,883 | $62,773 | $74,529 | | Loss from operations | $(2,623) | $(4,467) | $(10,741) | $(10,625) | | Net loss | $(2,995) | $(10,796) | $(10,993) | $(16,532) | | Diluted loss per share | $(3.92) | $(3.94) | $(6.02) | $(1.08) | [Condensed Consolidated Statements of Stockholders' Equity](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity) Stockholders' equity declined from $13.4 million to $4.3 million, primarily due to a net loss and common stock repurchases - For the twenty-six weeks ended June 29, 2025, total stockholders' equity decreased by **$9.1 million**, from **$13.4 million** to **$4.3 million**[27](index=27&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash provided by operating activities was $7.0 million, leading to a $2.9 million decrease in cash and cash equivalents to $1.5 million Cash Flow Summary (in thousands) | Cash Flow Activity | Twenty-Six Weeks Ended June 29, 2025 | Twenty-Six Weeks Ended June 30, 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $6,966 | $10,637 | | Net cash used in investing activities | $(1,053) | $(1,623) | | Net cash used in financing activities | $(8,839) | $(9,739) | | **Net decrease in cash** | **$(2,926)** | **$(725)** | [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes detail liquidity issues, going concern uncertainty, significant accounting policies, and the amended credit facility - The company incurred net losses of **$3.0 million** and **$11.0 million** for the thirteen and twenty-six weeks ended June 29, 2025, respectively, and had only **$1.5 million** in cash and cash equivalents at period end[38](index=38&type=chunk) - Management's plans to seek alternative debt financing do not alleviate substantial doubt about the Company's ability to continue as a going concern, as the ability to raise financing is outside of management's control[39](index=39&type=chunk) - A **1-for-15 reverse stock split** of the company's common stock became effective on July 7, 2025. All share and per-share amounts in the financial statements have been retroactively adjusted[62](index=62&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=40&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial performance, revenue decline, corporate actions, and significant liquidity challenges raising substantial doubt about going concern [Recent Developments and Liquidity](index=40&type=section&id=Recent%20Developments%20and%20Liquidity) Recent developments include a CFO change, a reverse stock split for Nasdaq compliance, and severe liquidity constraints raising going concern doubt - CFO Tiffany R. Smith resigned effective **June 30, 2025**, with CEO Crystal Landsem appointed as Interim CFO[139](index=139&type=chunk) - A **1-for-15 reverse stock split** was effective **July 7, 2025**, which helped the company regain compliance with Nasdaq's minimum bid price requirement[141](index=141&type=chunk)[143](index=143&type=chunk) - The company is actively seeking alternative debt financing, but its ability to secure it is uncertain, leading to substantial doubt about its ability to continue as a going concern[149](index=149&type=chunk) [Key Operating and Financial Metrics](index=44&type=section&id=Key%20Operating%20and%20Financial%20Metrics) Key metrics for Q2 2025 include a 45.3% Gross Margin, positive Adjusted EBITDA, and a decline in Active Customers Key Metrics Comparison (Q2 2025 vs Q2 2024) | Metric | Thirteen Weeks Ended June 29, 2025 | Thirteen Weeks Ended June 30, 2024 | | :--- | :--- | :--- | | Gross Margin | 45.3% | 45.5% | | Net loss | $(2,995) thousand | $(10,796) thousand | | Adjusted EBITDA | $482 thousand | $(207) thousand | | Active Customers | 2,460 thousand | 2,670 thousand | | Average Order Value | $145 | $143 | [Results of Operations](index=53&type=section&id=Results%20of%20Operations) Q2 2025 net revenue fell 11% due to decreased orders, but cost management reduced expenses, leading to a reduced net loss - Net revenue for Q2 2025 decreased by **$10.4 million (11%)** compared to Q2 2024, driven by a **16% decrease** in Total Orders Placed[180](index=180&type=chunk) - Selling and marketing expenses decreased by **$2.9 million (12%)** in Q2 2025 due to lower online marketing costs[183](index=183&type=chunk) - General and administrative expenses decreased by **$3.9 million (18%)** in Q2 2025, primarily due to reduced headcount, lower equity-based compensation, and decreased D&O insurance costs[184](index=184&type=chunk) [Liquidity and Capital Resources](index=58&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity is severely constrained, relying on cash from operations with no further borrowing capacity under the amended credit facility maturing August 22, 2025 - The company has no further access to borrowings under its **2021 Credit Agreement** and is reliant on cash from operations[200](index=200&type=chunk)[206](index=206&type=chunk) - The company entered into a **Forbearance Agreement** on **June 23, 2025**, due to defaults on refinancing milestones. The agreement and the credit facility's maturity date were subsequently extended to **August 22, 2025**[207](index=207&type=chunk)[210](index=210&type=chunk)[211](index=211&type=chunk) - As of **June 29, 2025**, the company had **$1.5 million** in cash and cash equivalents and **$5.8 million** outstanding on its credit facility[209](index=209&type=chunk)[212](index=212&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=66&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No material changes in market risk exposure have occurred since the disclosures in the 2024 Annual Report on Form 10-K - There has been no material change in the company's exposure to market risk from that discussed in the **2024 10-K**[229](index=229&type=chunk) [Controls and Procedures](index=66&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls and procedures were effective, with no material changes to internal control over financial reporting - Management concluded that as of **June 29, 2025**, the company's disclosure controls and procedures were effective[231](index=231&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, internal controls[232](index=232&type=chunk) PART II OTHER INFORMATION [Legal Proceedings](index=68&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently involved in any legal proceedings expected to have a material adverse effect on its business or financial condition - The company is not presently a party to any legal proceedings that are expected to have a material adverse effect on its business[234](index=234&type=chunk) [Risk Factors](index=68&type=section&id=Item%201A.%20Risk%20Factors) Critical risks include the potential inability to refinance the 2021 Credit Agreement before maturity and the ongoing risk of Nasdaq delisting - The company may not be able to refinance its **2021 Credit Agreement** before its maturity on **August 22, 2025**. Failure to do so would result in an event of default, allowing lenders to declare all outstanding amounts immediately due and payable[236](index=236&type=chunk) - Despite recently regaining compliance, the company must continue to meet **Nasdaq Capital Market's** listing requirements to avoid the risk of delisting, which could negatively affect its stock price and ability to raise capital[238](index=238&type=chunk)[241](index=241&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=70&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details the company's common stock repurchases during Q2 2025 under its publicly announced stock repurchase program Common Stock Repurchases (Q2 2025) | Period | Total Shares Purchased | Weighted-Average Price Paid Per Share | | :--- | :--- | :--- | | March 31 - May 4, 2025 | 42,943 | $7.00 | | May 5 - June 1, 2025 | 15,431 | $6.59 | | June 2 - June 29, 2025 | 14,959 | $6.75 | [Other Information](index=70&type=section&id=Item%205.%20Other%20Information) The company amended its Forbearance Agreement, extending the 2021 Credit Agreement maturity to August 22, 2025, with no Rule 10b5-1 trading plan changes - On **August 11, 2025**, the company amended its **Forbearance Agreement** and **2021 Credit Agreement**, extending the maturity date from **August 15, 2025**, to **August 22, 2025**[246](index=246&type=chunk) - During the thirteen weeks ended **June 29, 2025**, none of the company's directors or officers adopted, modified, or terminated a **Rule 10b5-1** trading arrangement[247](index=247&type=chunk) [Exhibits](index=72&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including corporate amendments, the Forbearance Agreement, officer certifications, and XBRL data

Company Announcement - Lulu's Fashion Lounge Holdings, Inc. will release its second quarter 2025 financial results on August 13, 2025, after market close [1] - A conference call and live webcast will be held at 5:00 p.m. Eastern Time on the same day for the investment community [1] Access Information - Financial results and the live webcast will be accessible through the Investor Relations section of the Company's website [2] - To access the conference call, U.S. callers can dial 1-877-407-0792, while international callers can use 1-201-689-8263 [2] Replay Details - A replay of the conference call will be available shortly after the call for seven days [3] - U.S. callers can access the replay by dialing 1-844-512-2921, and international callers can use 1-412-317-6671 with access code 13754162 [3] Company Overview - Lulus is an attainable luxury fashion brand for women, headquartered in California, serving millions of customers worldwide [4] - The brand focuses on modern, feminine designs at accessible prices for various occasions, aiming to make every woman feel confident [4] - Founded in 1996, Lulus utilizes direct consumer feedback to refine product offerings and enhance customer experience [4]

Core Points - Lulu's Fashion Lounge Holdings, Inc. has regained compliance with Nasdaq's minimum bid price requirement for continued listing on The Nasdaq Capital Market [1][2] - The company met the requirement by maintaining a minimum closing bid price of $1.00 or more for at least 10 consecutive business days, achieving this on July 18, 2025 [2] Company Overview - Lulus is a California-based attainable luxury fashion brand for women, offering modern and feminine designs at accessible prices for various occasions [3] - Founded in 1996, Lulus focuses on delivering fresh styles daily, utilizing direct consumer feedback to enhance product offerings and customer experience [3] - The company emphasizes exceptional customer service through its personal stylists, bridal concierge, and customer care team [3]

Core Points - The company announced a 1-for-15 reverse stock split effective July 3, 2025, to comply with Nasdaq's minimum bid price requirement [1][2] - The reverse stock split will reduce the number of outstanding shares from approximately 41,492,767 to about 2,766,185 shares [4] - The company entered into a Forbearance Agreement with Bank of America on June 23, 2025, providing additional time to pursue alternative debt financing options [5] Reverse Stock Split Details - The reverse stock split will combine every fifteen shares into one share without changing the par value [3] - No fractional shares will be issued; stockholders will receive whole shares rounded up [3] - The authorized shares will remain unchanged at 250,000,000 shares [4] Forbearance Agreement Insights - The Forbearance Agreement will expire upon the occurrence of certain events, including any Event of Default or breach of the agreement [5] - The company has received two bona fide term sheets from reputable financial institutions for a potential refinancing transaction [5]