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
- The 7 best bean bag chairs for adults, kids, outdoors [Business Insider]Business Insider
- The Lovesac Company to Host Investor DayGlobeNewswire
- Canadian Furniture Brand, Cozey, Opens First US Pop-Up In NYC [Forbes]Forbes
- The Lovesac Company (NASDAQ: LOVE) had its "buy" rating re-affirmed by analysts at DA Davidson. They now have a $32.00 price target on the stock.MarketBeat
- Q2 Earnings Highlights: Lovesac (NASDAQ:LOVE) Vs The Rest Of The Home Furnishings Stocks [Yahoo! Finance]Yahoo! Finance
LOVE
Earnings
- 9/12/24 - Beat
LOVE
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- LOVE's page on the SEC website