Google revenue

AUGUST 2022 PRELIMINARY REVENUES – EIN Presswire

Total net sales for the month of August were $21.5 million
August total net revenue increased 2% and e-commerce net revenue decreased 16%
Year-to-date total e-commerce revenue and net revenue up 37% and 43%, respectively

MONTREAL, September 14, 2022 /CNW/ – LXRandCo, Inc. (LXR or the Company) LXRtoday released 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 since the beginning of the year (YTD) and the last twelve months (LTM) End of period August 30, 2022.

Our August 2022 the performance of total net revenue was lower than expected compared to the prior year and was mainly influenced by a shift in spending from e-commerce channels (which decreased by 16%) to physical channels (which increased by 24%); and supply chain related shipping delays. We observe in mid-September that the factors affecting August performance started to reverse in September. YTD August 2022 total and e-commerce net revenue is up 37% and 43%, respectively.

The following table summarizes total monthly and e-commerce net revenue in 2021 and year-to-date 2022 compared to comparable prior year periods:

Total net income

Net income from e-commerce

(in thousands of Canadian dollars)

Monthly

N/(W) of
last year

LTM

Monthly

N/(W) of
last 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, 2022at 12:00 p.m. EDT, LXR will participate in Renmark Financial Communications Inc.’s live, transaction-free virtual 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 requested 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, 2022To 12:00 p.m. 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 omnichannel retailer of authenticated luxury pre-owned handbags and personal accessories. Since 2010, we have been providing consumers with authenticated branded luxury goods by encouraging reuse and providing consumers with an eco-friendly way to purchase luxury goods. We achieve this through our digital strategy by first selling directly to consumers through our website at www.lxrco.com and indirectly, by powering e-commerce and other key distribution partner platforms. Our omnichannel model is also supported by shop-in-shop retail experience centers and wholesale operations with select retail partners across North America.

About Renmark Financial Communications Inc.
Founded in 1999, Renmark Financial Communications Inc. is North America leader in retail investor relations. Use a strategic and comprehensive combination of exposure tactics; Renmark hosts virtual no-deal roadshows as well as in-person company presentations and maintains daily communications with thousands of brokers and fund managers across Canada and United States. Renmark enables its listed clients to maximize their visibility within the financial community and strengthen their investor audience.

SOURCELXRandCo, Inc.

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