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Why Lulu's Fashion Lounge Stock Was Falling Earlier Today

·2-min read

Shares of Lulu's Fashion Lounge Holdings (NASDAQ: LVLU) were trading down 17.5% as of 11:28 a.m. ET on Wednesday. The company reported revenue growth of 27% over the year-ago quarter, but lower margins put pressure on profitability, sending the stock down. Year to date, the stock has fallen 37%, underperforming the broader market.