Profile
Sector:
Consumer CyclicalIndustry:
Furnishings, Fixtures & AppliancesCountry:
United StatesIPO:
27 June 2018Website:
http://www.lovesac.comNext earnings report:
01 November 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 05 Jul 2024 23:05:59 GMTDividend
Analysts recommendations
Institutional Ownership
LOVE Latest News
Lovesac's (LOVE) first-quarter fiscal 2025 results reflect soft contributions from its reportable segments along with increased costs and expenses. However, focus on its omnichannel infinity flywheel bodes well.
Although the revenue and EPS for Lovesac (LOVE) give a sense of how its business performed in the quarter ended April 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Lovesac (LOVE) came out with a quarterly loss of $0.83 per share versus the Zacks Consensus Estimate of a loss of $0.99. This compares to loss of $0.28 per share a year ago.
Q1 FY25 Net Sales of $132.6 Million Reaffirms Full Year Fiscal 2025 Outlook STAMFORD, Conn., June 13, 2024 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) (“Lovesac” or the “Company”), the home furnishing brand best known for its Sactionals, The World's Most Adaptable Couch, today announced financial results for the first quarter of fiscal 2025, which ended May 5, 2024.
The Lovesac Company LOVE will release earnings results for its first quarter, before the opening bell on Thursday.
Softened demand for home furnishings space is expected to have dented Lovesac's (LOVE) first-quarter fiscal 2025 performance.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Lovesac (LOVE), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended April 2024.
Lovesac (LOVE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The Lovesac Company LOVE aims to defy the trend of sluggish sales in the furniture industry in fiscal 2025. Despite being a Zacks Rank #5 (Strong Sell), it is still projected to achieve double-digit earnings growth this year.
Despite the challenging market conditions in the furniture industry, Lovesac managed to achieve a 7.5% increase in revenue in fiscal year 2024, growing from $651 million to $700 million.
What type of business is Lovesac?
The Lovesac Company designs, manufactures, and sells furniture. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and accessories comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans. As of January 30, 2022, the company operated 146 showrooms. It markets its products primarily through lovesac.com website, as well as showrooms at top tier malls, lifestyle centers, kiosks, mobile concierges, and street locations in 39 states of the United States; and in store pop-up- shops and shop-in-shops. The Lovesac Company was founded in 1995 and is headquartered in Stamford, Connecticut.
What sector is Lovesac in?
Lovesac is in the Consumer Cyclical sector
What industry is Lovesac in?
Lovesac is in the Furnishings, Fixtures & Appliances industry
What country is Lovesac from?
Lovesac is headquartered in United States
When did Lovesac go public?
Lovesac initial public offering (IPO) was on 27 June 2018
What is Lovesac website?
https://www.lovesac.com
Is Lovesac in the S&P 500?
No, Lovesac is not included in the S&P 500 index
Is Lovesac in the NASDAQ 100?
No, Lovesac is not included in the NASDAQ 100 index
Is Lovesac in the Dow Jones?
No, Lovesac is not included in the Dow Jones index
When does Lovesac report earnings?
The next expected earnings date for Lovesac is 01 November 2024