LXRandCo Inc T.LXR

Primary Symbol: GGBBF

Consumer Cyclical

LXRandCo, Inc. is an omni-channel retailer of pre-owned handbags and personal accessories. The Company is engaged in providing consumers with branded luxury products, namely Hermes, Chanel, Louis Vuitton, Gucci, Prada, Ferragamo, Miu Miu, Cartier, Dior, and Chloe, among other brands. The Company provides consumers with branded luxury products by promoting their reuse and by providing an environmentally responsible way for consumers to purchase luxury products. It sells directly to consumers through its Website at www.lxrco.com and indirectly by powering the e-commerce and other platforms of key channel partners. Its omni-channel model is also supported by retail 'shop-in-shop' experience centers and by wholesale activities with select retail partners across North America. The Company's retail operations include approximately eight stores in Canada.

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LXRandCo Inc

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Post by Betteryear2on May 13, 2022 4:29pm

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Post# 34682938

LXR REPORTS FINANCIAL RESULTS FOR Q1 2022

Q1 2022 LTM* Total Net Revenue of $19.7 Million.
Total and E-commerce Q1 Net Revenue Up 65% and 100%, Respectively.
E-commerce Penetration was 73% of Total Net Revenue in Q1 2022.
AOV increased 9% to $915.

MONTREAL, May 13, 2022 /CNW/ - LXRandCo, Inc. ("LXR" or the "Company") (TSX: LXR) (TSX: LXR.WT), a North American socially responsible, digital-first omni-channel retailer of authenticated pre-owned handbags and personal accessories, today reported its financial results for the first quarter ended March 31, 2022 ("Q1 2022").