Lovesac Reports Q2 Loss Narrower Than Expected, Updates FY2025 Guidance
Portfolio Pulse from Nabaparna Bhattacharya
Lovesac reported a Q2 loss per share of 38 cents, better than the expected 44 cents. Sales were slightly below expectations, but net sales increased by 1.3% due to new showrooms. The company revised its FY2025 guidance, lowering sales and EPS projections. Despite this, LOVE shares rose by 23.3%.
September 12, 2024 | 5:58 pm
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Lovesac reported a Q2 loss per share of 38 cents, better than the expected 44 cents. Sales were slightly below expectations, but net sales increased by 1.3% due to new showrooms. The company revised its FY2025 guidance, lowering sales and EPS projections. Despite this, LOVE shares rose by 23.3%.
Lovesac's Q2 loss was narrower than expected, which is a positive surprise for investors. Although sales were slightly below expectations and guidance was revised downwards, the market reacted positively, possibly due to the better-than-expected loss and the increase in net sales. This led to a significant rise in the stock price.
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