May 25, 2022
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Preliminary monthly income for November 2021

By on December 13, 2021 0


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
and fiscal year 2021

18,000,000—
20,000,000

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.

Cision

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