August LTM Total Net Revenue was $21.5 Million
August Total Net Revenue
Increased by 2% and E-commerce Net Revenue Decreased by
16%
YTD Total and E-commerce Net Revenue up 37% and 43%,
respectively
MONTREAL, Sept. 14,
2022 /CNW/ - LXRandCo, Inc. (LXR or the
Company) (TSX: LXR), today provided its monthly financial
update, which includes total net revenue and e-commerce net revenue
estimates for the month of August
2022 and the eight-months year-to-date (YTD) and
latest twelve months (LTM) period ending August 30, 2022.
Our August 2022 total net revenue
performance came in below expectation compared to prior year and
was influenced primarily by a shift in spending from e-commerce
channels (which decreased 16%) to brick-and-mortar channels (which
increased 24%); and supply-chain related shipping delays. It is our
observation midway in September, that the factors affecting
August's performance have begun to reverse in September. YTD
August 2022 total and e-commerce net
revenue is up 37% and 43%, respectively.
The following table summarizes 2021 and year-to-date 2022 total
and e-commerce monthly net revenue as compared to comparable
periods in the prior year:
|
Total Net
Revenue
|
|
E-commerce Net
Revenue
|
(C$000s)
|
Monthly
|
B/(W)
from
prior year
|
LTM
|
|
Monthly
|
B/(W)
from
prior year
|
LTM
|
January,
2021
|
491
|
(74 %)
|
12,345
|
|
491
|
61 %
|
4,565
|
February
|
600
|
(80 %)
|
9,986
|
|
455
|
30 %
|
4,670
|
March
|
1,511
|
24 %
|
10,282
|
|
627
|
96 %
|
4,977
|
April
|
1,190
|
444 %
|
11,253
|
|
975
|
445 %
|
5,773
|
May
|
1,440
|
240 %
|
12,270
|
|
899
|
155 %
|
6,319
|
June
|
1,396
|
77 %
|
12,878
|
|
649
|
140 %
|
6,697
|
July
|
1,401
|
22 %
|
13,129
|
|
833
|
240 %
|
7,285
|
August
|
1,555
|
29 %
|
13,479
|
|
844
|
196 %
|
7,843
|
September
|
2,031
|
304 %
|
15,008
|
|
831
|
134 %
|
8,318
|
October
|
2,165
|
245 %
|
16,544
|
|
1,240
|
155 %
|
9,071
|
November
|
2,251
|
53 %
|
17,325
|
|
1,482
|
256 %
|
10,137
|
December
|
2,000
|
55 %
|
18,031
|
|
1,235
|
52 %
|
10,562
|
January,
2022
|
1,025
|
109 %
|
18,565
|
|
797
|
62 %
|
10,868
|
February
|
1,423
|
137 %
|
19,388
|
|
1,069
|
135 %
|
11,482
|
March
|
1,847
|
22 %
|
19,724
|
|
1,283
|
105 %
|
12,138
|
April
|
1,947
|
64 %
|
20,481
|
|
1,142
|
17 %
|
12,305
|
May
|
1,706
|
18 %
|
20,747
|
|
1,027
|
14 %
|
12,433
|
June
|
1,829
|
31 %
|
21,180
|
|
1,100
|
69 %
|
12,884
|
July
|
1,712
|
22 %
|
21,491
|
|
1,121
|
35 %
|
13,172
|
August
|
1,591
|
2 %
|
21,527
|
|
706
|
(16 %)
|
13,034
|
YTD-2022
|
13,080
|
37 %
|
21,527
|
|
8,245
|
43 %
|
13,034
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
On Thursday, September 15, 2022,
at 12:00 PM EDT, LXR will be
participating in Renmark Financial Communications Inc.'s live
virtual non-deal roadshow series, which will be followed by a live
Q&A session. LXR invites stakeholders, investors, and other
interested participants to register and attend this live event.
Participants interested in this event are asked to register using
the link below. To ensure optimal connectivity, participants are
encouraged to access this link using the latest version of Google
Chrome.
Register here:
THURSDAY, SEPTEMBER 15, 2022, AT
12:00PM EDT
https://www.renmarkfinancial.com/events/renmark-virtual-non-deal-roadshow-tsx-lxr-2022-09-15-120000.
About LXR
LXRandCo is a socially responsible,
digital-first omni-channel retailer of authenticated pre-owned
luxury handbags and personal accessories. Since 2010, we have been
providing consumers with authenticated branded luxury products by
promoting their reuse and providing an environmentally responsible
way for consumers to purchase luxury products. We achieve this
through our digital-first strategy by selling directly to consumers
through our website at www.lxrco.com and indirectly, by
powering the e-commerce and other platforms of key channel
partners. Our omni-channel model is also supported by retail
'shop-in-shop' experience centers and by wholesale activities with
select retail partners across North America.
About Renmark Financial Communications Inc.
Founded in
1999, Renmark Financial Communications Inc. is North America's leading retail investor
relations firm. Employing a strategic and comprehensive mix
of exposure tactics; Renmark hosts Virtual Non-Deal Roadshows as
well as in-person corporate presentations and maintains daily
communications with thousands of brokers and money managers across
Canada and the United States. Renmark empowers its
publicly traded clientele to maximize their visibility within the
financial community and strengthen their investor audience.
SOURCE LXRandCo, Inc.