Inactive Instrument

LXRandCo, Inc.

Equities

LXR

CA5507891011

Apparel & Accessories Retailers

LXRandCo, Inc. Reports Revenue Results for the Third Quarter of 2023

October 02, 2023 at 07:00 am EDT

LXRandCo, Inc. reported revenue results for the third quarter of 2023. As a result of its previously publicly disclosed effects of a weakening economy and the negative impact on its higher AOV discretionary consumer products and other factors, it has generated significantly lower revenues in the third quarter than anticipated, which may result in a breach of certain banking covenants, which would in turn result in liquidity issues in its fourth quarter.

Latest news about LXRandCo, Inc.

LXRandCo Brief: Announced Filing of Notices of Intention To Make A Proposal Under The Bankruptcy and Insolvency Act (Canada) and Resignation of Directors	23-10-06	MT
Toronto Stocks Slide; Laurentian Bank of Canada Shares Fall on CEO, Chair Departure	23-10-02	DJ
LXRandCo Provided Business Update	23-10-02	MT
LXRandCo, Inc. Reports Revenue Results for the Third Quarter of 2023	23-10-02	CI
North American Morning Briefing : Stock Futures Firmer Despite More China Stress	23-08-14	DJ
LXRandCo, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-11	CI
North American Morning Briefing : Chip Stocks Take -2-	23-06-28	DJ
LXRandCo Brief: As part of this planned transition, Valerie Sorbie will transition from Executive Chair to Chair and Cam di Prata will transition from CEO role to director and Chair of the Compensation and Nominating Committee	23-06-27	MT
LXRandCo Brief: Reporting that effective July 1, 2023, Laura Swan and Nadine Eap Appointed to Co-CEO and Co-CEO and CFO, respectively, reporting to the board of directors	23-06-27	MT
LXRandCo, Inc. Appoints Nadine Eap as Chief Financial Officer, Effective July 1, 2023	23-06-27	CI
LXRandCo, Inc. Announces Executive Changes	23-06-27	CI
LXRandCo, Inc. Announces Co-CEO Appointments, Effective July 1, 2023	23-06-27	CI
LXRandCo , Inc. Appoints PricewaterhouseCoopers LLP as Auditor	23-06-09	CI
LXRandCo, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-11	CI
LXRandCo, Inc. Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-31	CI
LXRandCo Fourth-Quarter Loss Widens as Revenue Drops 19%	23-03-31	MT
LXRandCo, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022	23-03-31	CI
LXRandCo, Inc. Auditor Raises 'Going Concern' Doubt	23-03-30	CI
LXRandCo Completes Brokered Private Placement of Debenture Units	23-03-30	MT
LXRandCo, Inc. announced that it has received CAD 1.235 million in funding from Gibraltar Ventures	23-03-29	CI
LXRandCo Provides Update On Private Placement Of Debenture Units, Renewal of Bank Facilities and Prelim FY22 Results	23-03-28	MT
LXRandCo Brief: FY 2022 total net revenue was $20.0 million; Cash earnings (a non-IFRS measure) was a loss of ($0.7) million compared to a loss of ($1.8) million	23-03-28	MT
LXRandCo Brief: Provides Update On Private Placement On Debenture Units, Renewal of Its Bank Facilities and Preliminary FY22 Results	23-03-28	MT
LXRandCo Seeks C$2.38 Million in a Private Placement of Convertible Debenture Units	23-03-01	MT
LXRandCo, Inc. announced that it expects to receive CAD 2.376 million in funding from Gibraltar Ventures	23-02-28	CI

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Company Profile

LXRandCo, Inc. is an omni-channel retailer of pre-owned handbags and personal accessories. The Company is engaged in providing consumers with branded luxury products, namely Hermes, Chanel, Louis Vuitton, Gucci, Prada, Ferragamo, Miu Miu, Cartier, Dior, and Chloe, among other brands. The Company provides consumers with branded luxury products by promoting their reuse and by providing an environmentally responsible way for consumers to purchase luxury products. It sells directly to consumers through its Website at www.lxrco.com and indirectly by powering the e-commerce and other platforms of key channel partners. Its omni-channel model is also supported by retail 'shop-in-shop' experience centers and by wholesale activities with select retail partners across North America. The Company's retail operations include approximately eight stores in Canada.

Sector

Apparel & Accessories Retailers

Calendar

2024-05-08 - Q1 2024 Earnings Release (Projected)

More about the company

Sector Handbags & Luggage Retailers

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Handbags & Luggage Retailers