Lulu’s ($LVLU@Canada) Fashion Lounge Holdings reported fourth-quarter and full-year results for the period ending January 1, 2023, its first full year as a public company. The results include a record-breaking net revenue of $440 million, up 17% from 2021. Active customers grew to 3.2 million, up 17% from 2021. The clothing brand expects net revenue between $410.0 million and $430.0 million, which represents between a 7 percent and 2 percent decline from 2022. Its fourth-quarter net revenue was $91.0 million, a 6 percent decrease compared to the same period last year due to a 3 percent decrease in total orders placed and a 2 percent decrease in average order value.