Lovesac Sees Q3 Net Sales Of $152M-$160M Vs. $165.70M Estimate; Basic Loss Per Share Of $(0.28)-$(0.50) Vs. $0.10 Estimate
Portfolio Pulse from Benzinga Newsdesk
Lovesac has revised its Q3 net sales forecast to $152M-$160M, below the $165.70M estimate. The company also expects a basic loss per share of $(0.28)-$(0.50), compared to the previous estimate of a $0.10 profit.
September 12, 2024 | 11:05 am
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Lovesac has lowered its Q3 net sales forecast to $152M-$160M, missing the $165.70M estimate. The company also anticipates a basic loss per share of $(0.28)-$(0.50), contrary to the expected $0.10 profit.
The downward revision in both net sales and earnings per share indicates potential financial struggles, likely leading to a negative market reaction. The significant deviation from estimates suggests challenges in meeting financial targets.
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