November Total and E-commerce Net Revenue Up
42% and 249%, Respectively.
MONTREAL, Dec. 13, 2021 /CNW/ - LXRandCo, Inc. (LXR
or the Company) (TSX: LXR) (TSX: LXR.WT), a North American,
digital-first omni-channel retailer of authenticated pre-owned
luxury handbags and personal accessories, today provided a
financial update, which includes total net revenue and e-commerce
net revenue estimates for the month of November 2021, estimates for the year-to-date
(YTD) and the latest twelve months (LTM)
periods ending November 30,
2021.
Monthly and YTD Total and E-Commerce Net Revenue
In
November 2021, the Company realized
total net revenue of $2.1 million,
including e-commerce net revenue of $1.5
million, which represented growth of 42% and 249%,
respectively, over the same period last year. For the eleven-month
period ending November 30, 2021, the
Company realized total net revenue of $16.0
million, including e-commerce net revenue of $9.3 million, which represented an increase of
28% and 160%, respectively, over the same period last year.
Despite industry-wide supply chain challenges, which affected
our distribution network primarily in the U.S., November marked the
ninth consecutive month over month of double-digit revenue growth.
In addition, e-commerce net revenue crossed the million-dollar
monthly level for the second consecutive month, setting
back-to-back monthly records. The following table summarizes 2021
year-to-date total and e-commerce monthly net revenue as compared
to comparable periods in 2020:
|
Total Net
Revenue
|
|
E-commerce Net
Revenue
|
($000s)
|
2021
|
2020
|
|
2021
|
2020
|
|
|
B/(W)
|
|
|
B/(W)
|
January
|
491
|
-74%
|
|
491
|
61%
|
February
|
600
|
-80%
|
|
455
|
30%
|
March
|
1,511
|
24%
|
|
627
|
96%
|
April
|
1,190
|
444%
|
|
975
|
445%
|
May
|
1,440
|
240%
|
|
899
|
155%
|
June
|
1,396
|
77%
|
|
649
|
140%
|
July
|
1,401
|
22%
|
|
833
|
240%
|
August
|
1,586
|
32%
|
|
871
|
205%
|
September
|
2,031
|
304%
|
|
831
|
134%
|
October
|
2,274
|
262%
|
|
1,202
|
147%
|
November
|
2,088
|
42%
|
|
1,452
|
249%
|
November
YTD
|
$15,978
|
28%
|
|
$9,257
|
160%
|
Quarterly and LTM Total and E-commerce Net Revenue
History
On a November 2021
LTM basis, the Company had total net revenue of $17.3 million and e-commerce net revenue of
$10.1 million. E-commerce penetration
was 58% of total net revenue. The following table provides
historical quarterly and LTM total net revenue and e-commerce net
revenue since Q1-2019:
|
Total Net
Revenue
|
E-Commerce Net
Revenue
|
|
E-Commerce
Penetration
|
Actuals
($):
|
Quarterly
|
LTM
|
Quarterly
|
LTM
|
|
LTM
|
Q1 2019
|
8,756,063
|
38,982,959
|
604,023
|
2,294,094
|
|
6%
|
Q2 2019
|
8,558,435
|
38,254,627
|
959,525
|
2,654,334
|
|
7%
|
Q3 2019
|
8,314,615
|
36,493,740
|
985,288
|
3,057,856
|
|
8%
|
Q4 2019
|
14,440,173
|
40,069,286
|
1,175,652
|
3,724,488
|
|
9%
|
Q1 2020
|
6,097,604
|
37,410,827
|
975,592
|
4,096,057
|
|
11%
|
Q2 2020
|
1,430,284
|
30,282,676
|
802,658
|
3,939,190
|
|
13%
|
Q3 2020
|
2,857,718
|
24,825,779
|
885,669
|
3,839,571
|
|
15%
|
Q4 2020
|
3,391,813
|
13,777,419
|
1,715,804
|
4,379,723
|
|
32%
|
Q1 2021
|
2,602,071
|
10,281,886
|
1,572,640
|
4,976,771
|
|
48%
|
Q2 2021
|
4,026,028
|
12,877,630
|
2,522,682
|
6,696,795
|
|
52%
|
Q3 2021
|
4,987,628
|
15,007,540
|
2,506,850
|
8,317,976
|
|
55%
|
Oct. 2021
|
|
16,652,952
|
|
9,033,196
|
|
54%
|
Nov.
2021
|
|
17,270,851
|
|
10,069,482
|
|
58%
|
Target for Q4
and FY 2021
|
|
18,000,000—
20,000,000
|
|
|
|
50%—65%
|
FY 2021 Outlook
The Company's total net revenue
target for 2021 is between $18
million and $20 million,
representing growth of 31% to 45% higher than last year,
respectively.
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. For further
information, please contact:
SOURCE LXRandCo, Inc.