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.

Copyright 2021 Canada NewsWire

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