Lovesac Q1 EPS $(0.83) Beats $(0.96) Estimate, Sales $132.64M Beat $128.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lovesac (NASDAQ:LOVE) reported Q1 EPS of $(0.83), beating the $(0.96) estimate, and sales of $132.64M, beating the $128.07M estimate. Despite the beats, EPS decreased by 196.43% and sales decreased by 6.06% year-over-year.
June 13, 2024 | 11:03 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Lovesac reported better-than-expected Q1 EPS and sales, but both metrics showed significant declines year-over-year. The mixed results may lead to short-term volatility in the stock price.
While Lovesac beat analyst estimates for both EPS and sales, the significant year-over-year declines in both metrics could cause mixed reactions in the market. Investors may be concerned about the company's declining performance despite the beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100