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Top Wall Street Forecasters Revamp Lovesac Price Expectations Ahead Of Q2 Earnings
Benzinga· 2024-09-12 14:56
The Lovesac Company LOVE will release earnings results for its second quarter, before the opening bell on Thursday, Sept. 12. Analysts expect the Stamflord, Connecticut-based company to report a quarterly loss at 44 cents per share, versus a year-ago loss of 4 cents per share. Lovesac projects to report quarterly revenue of $157 million for the quarter, according to data from Benzinga Pro. On July 31, Lovesac said it has entered into a five-year extension of its revolving credit facility by $10 million and ...
Here's What to Expect Ahead of Lovesac's Q2 Earnings Release
ZACKS· 2024-09-10 00:56
The Lovesac Company (LOVE) is slated to report its second-quarter fiscal 2025 earnings on Sep. 12, before market open. In the last reported quarter, the company posted an adjusted loss of 83 cents per share. The figure was narrower than the Zacks Consensus Estimate of a loss of 99 cents. Lovesac registered an adjusted loss per share of 28 cents in the prior-year quarter. Net sales topped the consensus mark by 3.5% but declined 6.1% year over year. How Are Estimates Placed for LOVE? The Zacks Consensus Estim ...
Countdown to Lovesac (LOVE) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
ZACKS· 2024-09-09 22:16
The upcoming report from Lovesac (LOVE) is expected to reveal quarterly loss of $0.46 per share, indicating a decline of 1050% compared to the year-ago period. Analysts forecast revenues of $154.01 million, representing a decrease of 0.3% year over year. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Before a company reveals its earn ...
Lovesac Announces Limited-Edition Home Furnishings Collaboration with KidSuper
Prnewswire· 2024-09-09 21:03
This announcement follows the instant sensation of Lovesac and KidSuper's first collaboration in February 2024. The exclusive Blue Camo MovieSac and Squattoman Cover product drop first introduced consumers to the blended home comfort and artful streetstyle that only these two brands could create together. The latest capsule pushes these boundaries on the intersection of fashion and home even further, giving consumers more opportunities to bring their couture style into the living room. The limited edition " ...
The Lovesac Company Announces Second Quarter Conference Call Date
GlobeNewswire News Room· 2024-09-06 04:05
STAMFORD, Conn., Sept. 05, 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 that its second quarter financial results will be released before market open on Thursday, September 12, 2024. The Company will host a conference call at 8:30 a.m. Eastern Time to discuss the financial results. Investors and analysts interested in participating in the call are invited to ...
Are Investors Undervaluing Lovesac (LOVE) Right Now?
ZACKS· 2024-08-13 22:41
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics t ...
The Lovesac Company Announces a Five-Year Extension of Its Credit Facility and Inaugural Share Repurchase Program
GlobeNewswire News Room· 2024-07-31 19:00
Board of Directors Authorizes $40 Million Share Repurchase Program The Company's revolving credit facility had been set to mature on September 30, 2024. The amendment extends the maturity to July 2029 and adds an uncommitted accordion feature that allows the Company, subject to certain customary conditions, to increase the size of the revolving credit facility by $10 million. Keith Siegner, Executive Vice President and Chief Financial Officer, stated, "We are pleased to have successfully extended our credit ...
Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of The Lovesac Company (LOVE) Investigation
GlobeNewswire News Room· 2024-07-20 05:03
Investigation Details What's Next? There is No Cost to You Why Bronstein, Gewirtz & Grossman Attorney advertising. Prior results do not guarantee similar outcomes. Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Nathan Miller 332-239-2660 | info@bgandg.com NEW YORK, July 19, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of The Lovesac Company ("Lovesac" or "the Company") (NASDAQ: LOVE). Investors who purch ...
SCHOLASTIC TO RELEASE "RUN AWAY WITH ME" A POWERFUL AND STUNNING LOVE STORY FOR YOUNG ADULTS BY #1 NEW YORK TIMES BESTSELLING AUTHOR AND AWARD-WINNING ARTIST BRIAN SELZNICK
Prnewswire· 2024-07-11 21:16
NEW YORK, July 11, 2024 /PRNewswire/ -- Scholastic, the global children's publishing, education and media company, announced today that it will publish Run Away With Me on April 1, 2025, an unforgettable comingof-age love story for young adults by #1 New York Times bestselling author and Caldecott Medalist Brian Selznick. Releasing simultaneously in hardcover, ebook, and audiobook formats, this profoundly romantic and moving novel set in Rome, written by one of today's most innovative storytellers, will be ...
Lovesac's (LOVE) Shares Up on Narrower Than Expected Q1 Loss
ZACKS· 2024-06-15 01:30
文章核心观点 - 公司第一季度财报优于预期,但同比净销售下降,调整后亏损扩大 [1][2][3][5][6] - 公司聚焦于其全渠道无限循环模式,预计将带来超越市场的业绩 [4] - 公司二季度及全年财年2025年的业绩指引 [11][12][13][14][15] 公司经营情况总结 - 第一季度净销售下降6.1%,主要受到全渠道可比销售下降14.8%和网络销售下降9%的影响 [2] - 毛利率同比扩大430个基点至54.3%,主要受益于进口运输成本下降790个基点 [7] - 销售、一般及管理费用占净销售的比重大幅增加1160个基点至51.6%,广告及营销费用占比增加160个基点至13.6% [8] - 调整后EBITDA亏损10.3百万美元,去年同期亏损2.1百万美元 [8] 财务状况总结 - 截至5月5日,公司现金及现金等价物为72.4百万美元,较上财年末的87百万美元有所下降 [9] - 经营活动净现金流出7百万美元,去年同期净现金流入6.3百万美元 [10] - 公司预计二季度净销售152-160百万美元,调整后EBITDA亏损2-5百万美元 [11] - 公司维持2025财年净销售700-770百万美元,调整后EBITDA46-60百万美元的指引 [13][14][15]