Lovesac Sees Q2 Net Sales Of $152M-$160M Vs. $156.18M Estimate; Projects Basic Loss Per Share Of $(0.37)-$(0.53) Vs. $(0.07) Estimate
Portfolio Pulse from Benzinga Newsdesk
Lovesac has provided its financial outlook for Q2 of fiscal 2025, projecting net sales between $152 million and $160 million, an adjusted EBITDA loss between $2 million and $5 million, and a net loss between $6 million and $8 million. The company also expects a basic loss per share between $0.37 and $0.53, which is significantly worse than the estimated loss of $0.07 per share.
June 13, 2024 | 11:11 am
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Lovesac's Q2 fiscal 2025 outlook indicates a significant shortfall in earnings, with a projected basic loss per share between $0.37 and $0.53, compared to the estimated loss of $0.07 per share. This negative outlook is likely to impact the stock price adversely in the short term.
The significant deviation from the estimated loss per share indicates a worse-than-expected financial performance, which is likely to lead to a negative market reaction and a decline in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100