Lovesac: With Near-Zero Growth, This Brand Is Headed For The Rocks (Rating Downgrade) [Seeking Alpha]
The Lovesac Company (LOVE)
Last the lovesac company earnings: 4/16 07:00 am
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Source: Seeking Alpha
8min Summary Despite a positive Q2 earnings response, Lovesac cut its full-year revenue and EPS guidance. As a result, I'm downgrading the stock to a sell rating. Lovesac's adjusted EBITDA valuation is appealing, but near-zero sales growth and declining margins are a major concern. Resellers like Best Buy have already indicated that customers are responding to promotional activity. In order to maintain its level of sales, Lovesac may have to resort to discounting. I recommend using the post-earnings rally as an opportunity to take profits and invest elsewhere. Hiraman/E+ via Getty Images The Fed has made its long-awaited 50bps rate cut, and aside from the immediate impact to currencies and stock markets, the effect we'll have to wait to determine is the one it will have on the housing markets. In the meantime, high rates have had the opposite impact that it usually has: keeping sellers on the sidelines because they can't access low-rate mortgages to buy new homes, forci
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LOVE
News
- Push Yourself Out of the Nest [Forbes]Forbes
- Lovesac: Innovative Products But Valuation Now Too High [Seeking Alpha]Seeking Alpha
- Lovesac Introduces AnyTable, the First Fully Customizable Table Solution Designed to Transform Your Living Space [Yahoo! Finance]Yahoo! Finance
- Lovesac Introduces AnyTable, the First Fully Customizable Table Solution Designed to Transform Your Living SpacePR Newswire
- Lovesac Second Quarter 2025 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
LOVE
Earnings
- 9/12/24 - Beat
LOVE
Sec Filings
- 9/12/24 - Form 10-Q
- 9/12/24 - Form 8-K
- 8/14/24 - Form SC
- LOVE's page on the SEC website