Lovesac Co Expects Q1 Net Sales of $126M-$132M Vs $147.53M Est and EPS of $0.84-$1.03 Vs $(0.15) Est, FY25 Net Sales of $700M-$770M Vs $765.38M Est and EPS of $1.06-$1.59 Vs $2.15 Est
Portfolio Pulse from Benzinga Newsdesk
Lovesac Co projects Q1 net sales of $126M-$132M, below the $147.53M estimate, and EPS of $0.84-$1.03, significantly above the $(0.15) estimate. For FY25, it expects net sales of $700M-$770M, slightly below the $765.38M estimate, and EPS of $1.06-$1.59, below the $2.15 estimate.
April 11, 2024 | 11:06 am
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Lovesac Co anticipates Q1 net sales below estimates but expects a significant EPS increase compared to estimates. FY25 projections show a slight decrease in net sales expectations but a notable decrease in EPS forecast.
The mixed forecast from Lovesac Co, with lower than expected sales but higher EPS for Q1, and a slight decrease in sales and EPS for FY25, presents a nuanced outlook. The higher EPS in Q1 could indicate better than expected profitability or cost management, potentially offsetting concerns about lower sales. However, the lower FY25 EPS forecast could temper long-term expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100