Lovesac Reaffirms Fiscal 2025 Outlook: Sees Net Sales Of $700M-$770M Vs. $714.53M Estimate; Projects Diluted EPS Of $1.06-$1.59 Vs. $1.23 Estimate
Portfolio Pulse from Benzinga Newsdesk
Lovesac has reaffirmed its fiscal 2025 outlook, projecting net sales between $700M and $770M, adjusted EBITDA between $46M and $60M, and diluted EPS between $1.06 and $1.59. These projections are compared to estimates of $714.53M in net sales and $1.23 in EPS.
June 13, 2024 | 11:08 am
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Lovesac has reaffirmed its fiscal 2025 outlook, projecting net sales between $700M and $770M, adjusted EBITDA between $46M and $60M, and diluted EPS between $1.06 and $1.59. These projections are compared to estimates of $714.53M in net sales and $1.23 in EPS.
Lovesac's reaffirmation of its fiscal 2025 outlook with projections that are in line or slightly above market estimates is likely to have a positive short-term impact on the stock price. The reaffirmation provides confidence to investors about the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100