Why Lovesac Shares Are Gaining Today
Portfolio Pulse from Lekha Gupta
Lovesac Co (NASDAQ:LOVE) reported Q1 FY24 net sales growth of 9.1% Y/Y to $141.2 million, beating the consensus of $134.2 million. The company sees Q2 EPS of $(0.12) - $(0.16) and sales of $149.0 million-$151.0 million. Lovesac also announced the appointment of Keith Siegner as the new CFO and Executive VP, effective June 30, 2023.
June 07, 2023 | 12:23 pm
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Lovesac Co reported better-than-expected Q1 FY24 net sales growth and announced a new CFO and Executive VP. The company provided Q2 EPS and sales outlook.
Lovesac Co reported better-than-expected Q1 FY24 net sales growth, which is a positive sign for investors. The company also provided Q2 EPS and sales outlook, which can help investors make informed decisions. The appointment of a new CFO and Executive VP shows the company's commitment to strong leadership. These factors combined are likely to have a positive short-term impact on LOVE's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100