E-Commerce Preliminary Revenue
The following are select preliminary E-commerce revenue highlights for the three-month and twelve-month periods ended
- E-commerce revenue from our website, LXRCO.com is expected to increase by 49.0% in the fourth quarter and 42.4% for the twelve-month period ended
December 31 ; - Total E-commerce revenue, which includes third-party online revenue from LXR partners, increased 42.8% in the fourth quarter and 13.7% for the twelve-month period ended
December 31 . Excluding LXR partners that are no longer in business1 ("Bankrupt Partners "), total E-commerce revenue increased 52.4% in the fourth quarter and 17.2% for the twelve-month period endedDecember 31 ; and - Total E-commerce average order value ("AOV") is expected to be
$908 in the fourth quarter, representing an increase of 10.2 %.
E-commerce Revenue and Other Highlights
Comparable performance (000s) Three Three Increase/ (Decrease) Twelve Twelve Increase/ (Decrease) LXRCO.com 49.0% 42.4% Third-party partners 532 406 31.3% 1,388 1,724 (19.5%) Expected E-commerce Revenue 42.8% 13.7% Less: Revenue from Bankrupt Nil 73 206 286 Expected E-Commerce Revenue 52.4% 17.2% AOV E-commerce 10.2% 10.0% ____________________________________________ 1 Refers to LXR e-commerce revenue derived from
months
ended
2020
months
ended
2019
months
ended
2020
months
ended
2019
Partners1
excluding
Total Expected Revenue
The following are select preliminary total LXR revenue highlights for the three-month and twelve-month periods ended
- Total LXR revenue is expected to decrease by 77.2% in the fourth quarter and by 66.7% for the twelve-month period ended
December 31 ; - Revenue from Retail (which includes retail and wholesale activities including from
Bankrupt Partners ) is expected to decrease by 87.6% in the fourth quarter and by 74.3% for the twelve-month period endedDecember 31 ; and - Excluding the total revenue attributable to
Bankrupt Partners , total LXR revenue is expected to decrease by 35.7% in the fourth quarter and by 38.4% for the twelve-month period endedDecember 31 . - E-commerce revenue as a percentage of total revenue is expected to be 50% for the fourth quarter and 32% for the twelve months ended
December 31, 2020 , representing increases of 42.8% and 13.7%, respectively; and - As at
December 31, 2020 , the Company's retail network consisted of 10 stores of which, due to COVID-19 lockdowns, three were in operation compared to 80 stores in operation as atDecember 31, 2019 .
Total Expected Revenue
Comparable performance (000s) Three Three Increase/ (Decrease) Twelve Twelve Increase/ (Decrease) E-commerce 42.8% 13.7% Retail 1,649 13,299 (87.6%) 8,949 35,870 (75.1%) Expected Total Revenue (77.2%) (66.7%) Less: Revenue/(returns) from (4) 9,313 6,029 27,977 Expected Total Revenue (35.7%) (38.4%) E-commerce Revenue % of Total 50% 8% 32% 9% ________________________________________ 2 Refers to total LXR revenue derived from Stage Stores,
months
ended
2020
months
ended
2019
months
ended
2020
months
ended
2019
excluding
Expected Revenue
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SOURCE
© Canada Newswire, source