LuxExperience stock surged 19.2% as of 10:15 a.m. ET after the luxury brand e-commerce specialist reported fiscal fourth-quarter results before the market opened. Revenue for the quarter ended June 30 grew roughly 7.6% year over year to 663.8 million euros, while the company posted a net loss of 26.3 million euros, compared with a profit of 603.7 million euros in the prior-year quarter that was driven by a one-time large bargain-purchase gain. Performance still came in better than expected, and LuxExperience guided for sales growth to accelerate in the current fiscal year along with significant profitability improvement and a non-GAAP adjusted EBITDA margin between 2% and 3%.
LuxExperience B.V.
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