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Preliminary monthly income for November 2021
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November total net sales and e-commerce up 42% and 249%, respectively.
MONTREAL, December 13, 2021 / CNW / – LXRandCo, Inc. (LXR or the Society) (TSX: LXR) (TSX: LXR.WT), North America’s leading digital omnichannel retailer of authenticated pre-owned luxury handbags and personal accessories, today provided a financial update , which includes total net sales and electronics sales. estimates of net trade income for the month of November 2021, estimates for the year to date (YTD) and the last twelve months (LTM) periods ending November 30, 2021.
Monthly and cumulative total of net income and e-commerce
In November 2021, the Company achieved total net sales of $ 2.1 million, including e-commerce net sales of $ 1.5 million, which represents growth of 42% and 249%, respectively, compared to the same period last year. For the eleven month period ending November 30, 2021, the Company achieved total net sales of $ 16.0 million, including e-commerce net sales of $ 9.3 million, which represents an increase of 28% and 160%, respectively, compared to the same period last year.
Despite industry-wide supply chain challenges, which affected our distribution network primarily in the United States, November marked the ninth consecutive month of double-digit revenue growth. In addition, e-commerce net income crossed $ 1 million monthly for the second consecutive month, setting consecutive monthly records. The following table summarizes the total cumulative monthly and monthly e-commerce net revenue of 2021 compared to comparable periods in 2020:
|
Total net income |
Net income from e-commerce |
||||
|
(in thousands of dollars) |
2021 |
2020 |
2021 |
2020 |
|
|
N / (B) |
N / (B) |
||||
|
January |
491 |
-74% |
491 |
61% |
|
|
February |
600 |
-80% |
455 |
30% |
|
|
March |
1,511 |
24% |
627 |
96% |
|
|
April |
1 190 |
444% |
975 |
445% |
|
|
Can |
1440 |
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 cumulative over the current fiscal year |
$ 15,978 |
28% |
$ 9,257 |
160% |
|
History of quarterly net revenues and LTM and e-commerce
On a November 2021 on an LTM basis, the Company achieved total net sales of $ 17.3 million and the net e-commerce turnover of $ 10.1 million. E-commerce penetration accounted for 58% of total net sales. The following table shows the total quarterly and LTM net revenues and e-commerce net revenues since the first quarter of 2019:
|
Total net income |
Net income from e-commerce |
E-commerce penetration |
||||
|
Actual ($): |
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 |
seven% |
|
|
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% |
|
|
October 2021 |
16 652 952 |
9,033,196 |
54% |
|||
|
Nov 2021 |
17 270 851 |
10 069 482 |
58% |
|||
|
Target for Q4 |
18,000,000— |
50% —65% |
||||
Outlook for the 2021 financial year
The Company’s total net income 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 omnichannel retailer of pre-owned luxury handbags and authenticated personal accessories. Since 2010, we have been providing consumers with authentic branded luxury goods by promoting their reuse and providing consumers with an environmentally friendly way to purchase luxury goods. We achieve this through our digitally focused strategy by selling direct to consumers through our website at www.lxrco.com and indirectly, by fueling e-commerce and other key channel partner platforms. Our omnichannel model is also supported by Retail Experience Centers and wholesale operations with selected retail partners across North America. For more information, please contact:
SOURCE LXRandCo, Inc.
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