lulus fashion lounge holdings withdrew its fullyear guidance tuesday after preliminary secondquarter results showed lower than expected demand the chico califbased womens fashion brand said it expected its revenue to decline in the quarter and said it would give new 2023 guidance when the company reports full results next month lulus said that results were lower than expected due to weak demand and higher return rates for clothing purchases the company said it expected revenue to be 1045 million to 106 million representing a yearonyear decline of about 20 analysts polled by factset expect revenue of 1165 million the company also it expects a pretax loss of 18 million to 26 million in the quarter down from a pretax profit of 108 million a year earlier lulus said it anticipates continued choppiness in consumer demand macroeconomic uncertainties and elevated return rates the company plans to observe business trends through early august before issuing new guidance