Furniture Company Lovesac Stock Drops 20% After Lowered FY25 Outlook And Missed Q3 Revenue Estimates [Yahoo! Finance]
The Lovesac Company (LOVE)
Last the lovesac company earnings: 4/16 07:00 am
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Source: Yahoo! Finance
Quarterly sales of $149.9 million were down 2.7% from last year, driven by a decline in omni-channel comparable net sales. Despite a narrower-than-expected loss per share, the company lowered its FY25 revenue outlook to $660-680 million and earnings per share to $0.27-0.74, citing a challenging environment. The company's shares were trading lower by 20.4% in premarket trading. The Lovesac Company (NASDAQ: LOVE ) shares are trading lower in the premarket session on Thursday. The company reported a third-quarter loss per share of 32 cents, narrower than the street view of 35 cents loss . Quarterly sales of 149.905 million (down 2.7%) missed the analyst consensus estimate of $155.264 million. The decrease in net sales was primarily driven by a decrease of 8.3% in omni-channel comparable net sales, partially offset by the net addition of 28 new showrooms. During the third quarter, Lovesac opened five additional showrooms and closed one showroom. Also Read: Wall Street Poised To
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LOVE
News
- The Lovesac Company Publishes 2024 ESG ReportGlobeNewswire
- Lovesac Third Quarter 2025 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Lovesac issues guidance update ahead of investor event [Seeking Alpha]Seeking Alpha
- The Lovesac Company Details Strategic Framework and Multi-Year Financial Algorithm at Investor Day [Yahoo! Finance]Yahoo! Finance
- The Lovesac Company Details Strategic Framework and Multi-Year Financial Algorithm at Investor DayGlobeNewswire
LOVE
Earnings
- 12/12/24 - Beat
LOVE
Sec Filings
- 12/23/24 - Form 4
- 12/17/24 - Form 8-K
- 12/17/24 - Form 8-K
- LOVE's page on the SEC website