LITB - Earnings call 3 2023 | LightInTheBox Holding Co., Ltd.

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Hello, ladies and gentlemen. Thank you for standing by for LightInTheBox' Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Today's conference call is being recorded. I would now turn the call over to your host, Ms. Jenny Cai. Jenny. ahead, go Please

Jenny Cai

on Hello, Conference welcome results Call. services are via operator. ir.lightinthebox.com. website Quarter were LightInTheBox XXXX Newswire available and today Earnings The earlier company's everyone, you, IR to at and Third released the Thank company's earnings

Yuan from Wenyu Ms. recent Liu, provide Officer. He Ye, the Chief and call Jian an Chairman Officer; Ms. Ye, over by go results. will the followed and today Growth developments LightInTheBox On Chief company's overview Mr. Financial are He, will CEO; Jun Ms. strategies financial of and Mr. who its

Following our prepared the remarks, call to we'll questions. open

XXXX. proceed, we forward-looking to subject and the please expectations. statements forward-looking from statements today's uncertainties safe of risks cause actual current company's that under materially the of harbor differ Before U.S. Litigation discussion results These may contain the Securities to provisions are note that Private may made Act Reform

the forward-looking assume Securities except differ Commission. under cause to factors with required the company results and To refer could any forward-looking Form update filed obligation as applicable materially company's not does please the statements, The law. to that XX-F understand in any Exchange those statements, from to

Please LightInTheBox turn Chairman I'd over Now Mr. He. like the call go and to to ahead. CEO,

Jian He

morning, core execute quarter profitability and macro Good environment to moderate focus for XXXX good and Amid continued you and third with third Okay. our evolving quarter's evening, expectations, on earnings our improvements. today. joining Thank everyone. the conference call strategy growth efficiency we

product improving operating USD led cost apparel our totaling by million, USD XXX notably million, XXX total and driven management. reached by revenue Our leverage sales

slow is the typically in Our bottom positive line third season. a quarter, turned which

seamless to values shopping to experience. quarter, a strategies branding well our high and value-for-money highlight third we as advance our the for reputation During online our offerings as continued designed

online and also to more performance shopping layout our smooth features to We convenient improved customers. experience and offer our

functions gain and observe products capabilities our our habits behaviors pain points and accordingly. the We enhance customers' advanced and insights and innovative and [indiscernible] data technologies brand the to and leveraged offering

also Our customer across enable management chain, efficiency advanced to and quarter. during logistics merchandising, the us operational service improve supply technologies our marketing,

head and improving while of complicated end profitability beyond, litigating focused efficiency macro the operational we XXXX we will pursuing on backdrop. a remain As towards and

We where change, are evolving in we rapidly market's growth the [indiscernible] potential. confident world, constantly global a in but the long-term remain e-commerce

We core business continue strategy employee our will development. pursuing external to while execute effective in practices [indiscernible] challenges and to response high-quality

results. now I Yuan over hand With to call that, to our Jun through the financial will go

Yuan Jun Ye

He. everyone. you, good Good morning evening, Thank Mr. and

start we all that in present discussions financials, our U.S. are detailed we terms. note of Before the please unless the stated dollar today otherwise financials

by our start grew Now with Revenues XX% the in $XXX year-over-year from our the quarter. revenues same apparel let to increased of third revenues $XXX million, XX% the year-over-year total of with representing XX% highlights In million. XXXX. me for financial to quarter, total by XX% quarter compared

Furthermore, sales. margin our the a ago, improved apparel to to growth in year from XX% XX% thanks gross

increase million as headwinds. and was marketing top Our $XX due the line driving same in last and The mainly compared investing of the expenses in continue total expenses, growth building with period operating face to year. $XX of selling awareness brand in increased macroeconomic the our million were we

X%, revenues, ago. Our X% were X% ongoing dedication continues X% and G&A expenses and to with fruit. respectively, expenses respectively, enhancing compared year and a to total bear efficiency Fulfillment of

million loss of turned that compared $X.X with for pleased our in third $X.X are Net quarter the We bottom of reached XXXX. same net the positive income quarter. million line

pursuit This profitability of our is challenging a validating achievement, meaningful particularly such environment, a in within improvement. strategy

during program progressed well the repurchase Our quarter. share

million repurchased million. have we ADS, XXXX, XX, November totaling X.X of approximately As X.XX USD

$XXX we million. million expect guidance, fourth seasonality, be between available and XXXX our revenues business and based information quarter $XXX currently for on to Finally, net

of To in will sustainable We support we believe to financial and in board consistent high-quality market dynamics stakeholders. increasing efficiencies the execution the development navigating value while solid the a to conclude, as of the strive will coming core create long-term for across quarters. us capabilities focus we all our continue on operating fundamentals the our

This prepared remarks. concludes our

We to some questions now. take will be happy Operator?

Operator

are now, there the As remarks. Instructions] [Operator the I'd for no over turn like to back closing company to questions call

Jenny Cai

us Thank you once again today. for joining

Piacente through have questions, great Have a Investor LightInTheBox contact free our Relations If website, feel further provided the to day. contact or you Financial on information please Communications.

Operator

has concluded. conference The

You may disconnect you. Thank line. your

LightInTheBox Holding (LITB) 28 Nov 232023 Q3 Earnings call transcript