LXR LXRandCo Inc

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:

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:

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.