Lovesac shares are trading lower after the company reported Q1 financial results and issued Q2 net sales guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Lovesac reported Q1 financial results and issued Q2 net sales guidance below estimates, causing its shares to trade lower.
June 07, 2023 | 3:59 pm
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Lovesac's shares are trading lower due to disappointing Q1 financial results and lower Q2 net sales guidance.
Lovesac reported Q1 financial results and issued Q2 net sales guidance below estimates, which is a negative signal for investors. This could lead to a decrease in demand for the stock, causing its price to drop in the short term.
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