Lulus Q3 Revenue Falls 20% as Gross Margin Expands to 44.9%

Lulus reported third-quarter 2026 revenue of $58.6 million, down 20% year over year, and a net loss of $4.3 million. Gross margin increased 230 basis points to 44.9%, while Adjusted EBITDA was a loss of $1.8 million. The company revised its fiscal 2026 outlook, citing continued revenue pressure fro…