CORRECTION: 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 (LOVE) forecasts Q1 net sales of $126M-$132M, below the $147.53M estimate, and EPS of $(0.84)-$(1.03), significantly lower than 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, under the $2.15 estimate. The company also anticipates an adjusted EBITDA of $46M-$60M, net income of $18M-$27M, and a diluted income per share of $1.06 to $1.59 for FY25.
April 11, 2024 | 2:45 pm
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NEGATIVE IMPACT
Lovesac Co (LOVE) anticipates lower than expected Q1 sales and EPS, and also projects FY25 sales and EPS below analyst estimates.
The significant downward revision in both quarterly and annual sales and EPS forecasts compared to analyst estimates suggests potential short-term negative pressure on LOVE's stock price. The discrepancy between the company's projections and analyst expectations, especially the substantial miss in the near-term Q1 EPS forecast, could lead to a lack of investor confidence and a possible sell-off in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100