Q1 2026 LightInTheBox Holding Co Ltd Earnings Call Transcript
Key Points
- LightInTheBox Holding Co Ltd (LITB) achieved its eighth consecutive profitable quarter with a record first-quarter profit of $1.2 million.
- The company reported a second consecutive quarter of year-over-year revenue growth, with revenues increasing by 11% to $52 million.
- Branded apparel business grew over 81% year-over-year, now accounting for 24% of total revenue, up from 15% in the first quarter of 2025.
- Gross profit increased by 10% year-over-year to $34 million, with a stable gross margin of 65%.
- Total operating expenses as a percentage of revenue decreased from 65% to 63%, indicating improved cost efficiency.
- Q1 is typically the weakest period for LightInTheBox Holding Co Ltd (LITB) due to business seasonality.
- Selling and marketing expenses increased by 13% to $25 million, which could impact future profitability if not managed.
- Fulfillment expenses rose by 5% to $4 million, reflecting increased costs associated with revenue growth.
- Despite revenue growth, total operating expenses increased by 7% year-over-year to $33 million.
- The company did not provide specific guidance for future quarters, leaving uncertainty about sustained growth.
Hello ladies and gentlemen. Thank you for standing by for LightInTheBox's first-quarter 2026 earnings conference call. (Operator Instructions) Today's conference call is being recorded.
I will now turn the call over to your host, Ms. Serena Huang. Please go ahead, ma'am.
Thank you, operator. Hello, everyone and welcome to LightInTheBox first-quarter 2026 earnings conference call. The company's earnings results were released via news file services earlier today and are available on the company's IR website at ir.ador.com.
On the call from LightInTheBox today, are Mr. Jian He, CEO, and Mr. Suhai Ji, CFO. Mr. He will provide an overview of the company's Q1 highlights, followed by Mr. Ji, who will go over its financial results. Following our prepared remarks, we will open a call to questions.
Before we proceed, please note that today's discussion may contain forward-looking statements made under the Safe harbor provisions of the US Private Securities litigation Reform Act
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