Lovesac Co shares are trading lower after the company reported worse-than-expected Q4 results and Q1 net sales guidance.
Portfolio Pulse from Benzinga Newsdesk
Lovesac Co shares are trading higher despite the company reporting worse-than-expected Q4 results and Q1 net sales guidance.
April 11, 2024 | 11:09 am
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Lovesac Co shares increased in value even after announcing disappointing Q4 earnings and lower than expected Q1 sales forecasts.
Typically, stocks tend to decrease in value following poor earnings reports and weak future sales guidance. However, Lovesac Co's share price increase suggests that investors may have had lower expectations or there are other factors at play that are viewed positively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100