Streetbeat News

HOUR

Hour Loop, Inc.

https://www.hourloop.com

Industry

Specialty Retail

Hour Loop, Inc., an online retailer, engages in e-commerce retailing in the United States. The company sells home/garden décor, toys, kitchenware, apparel, and electronics products. It sells its products through hourloop.com, amazon.com, and walmart.com. Hour Loop, Inc. was founded in 2013 and is headquartered in Redmond, Washington.

Open

1.49

Mkt cap

52M

Volume

12K

High

1.50

P/E Ratio

29.80

52-wk high

2.20

Low

1.47

Div yield

N/A

52-wk low

0.83

In Wednesday's intraday session, 12 consumer discretionary stocks showed significant movement. Notable gainers included Cazoo Gr (CZOO) with an 82.6% increase and The One Group Hospitality (STKS) rising 23.31%. Among the losers, Dogness (DOGZ) fell by 16% and JOANN (JOAN) dropped 15.46%. Earnings reports influenced several stocks, including Allied Gaming (AGAE), Hour Loop (HOUR), and GameStop (GME).

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:31 pm

In Wednesday's pre-market session, 12 consumer discretionary stocks showed significant movement. Gainers included ATA Creativity Global, SRIVARU Holding, Color Star Tech, Golden Sun Health, Kidpik, and MGO Global with increases ranging from 7.25% to 19.6%. Losers were JOANN, GameStop, Lobo EV Technologies, Hour Loop, Traeger, and Lixiang Education Holding, with decreases ranging from 4.14% to 25.4%. Notably, ATA Creativity Global, GameStop, and Hour Loop had their Q4 earnings reports released.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 1:06 pm

Hour Loop projects its FY24 revenue to be between $145M-$172M, indicating a 10%-30% increase YoY. Net income for the same period is expected to range from $0.5M to $2M.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:25 pm

Hour Loop reported a FY23 EPS of $(0.07), down from $(0.04) YoY, with revenues rising to $132.12M from $95.93M. Despite increased competition leading to a gross margin decrease to 50.3%, operating expenses improved. The net loss widened to $2.4M from $1.5M YoY. Cash reserves fell to $2.5M, and inventories decreased to $14.3M. For FY24, revenue is projected between $145M-$172M, with net income expected to be $0.5M-$2M.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:24 pm

In Monday's intraday session, 12 consumer discretionary stocks showed significant movement. Notable gainers included Target Hospitality, Linkage Global, Hour Loop, GrowGeneration, China Liberal Education, and GameStop, with increases ranging from 12.82% to 22.9%. On the downside, Fisker, Lobo EV Technologies, Faraday Future, Sonder Holdings, JOANN, and Greenlane Holdings experienced declines between 14.24% and 28.2%.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 5:31 pm

In Friday's after-market session, 12 consumer discretionary stocks showed significant movement. Visionary Holdings, Red Robin Gourmet Burgers, Genius Sports, Target Hospitality, BJ's Restaurants, and Smart Share Glb were among the gainers, with increases ranging from 4.54% to 10.1%. Conversely, Brilliant Earth Group, Color Star Tech, Hour Loop, JOANN, PLBY Group, and ZHONGCHAO were the losers, with declines between 4.34% and 6.1%.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 9:33 pm

In Tuesday's intraday session, several consumer discretionary stocks experienced significant movements. RealReal, Interactive Strength, SRIVARU Holding, Jowell Global, and Yunji saw their stock prices increase, with RealReal leading the gainers. On the other hand, ThredUp, JOANN, ZHONGCHAO, Stitch Fix, Hour Loop, and Connexa Sports Techs faced declines, with ThredUp experiencing the largest drop. These movements were influenced by recent earnings reports and market valuations.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 5:33 pm

In Monday's after-market session, several consumer discretionary stocks experienced significant movements. BARK, URBN, HOUR, BRLT, CLEU, and GRWG saw gains, with BARK leading at a 20.1% increase. Conversely, LVLU, ZAPP, TCS, POL, ECDA, and QSG faced declines, with LVLU dropping by 5.4%. These movements reflect changes in investor sentiment and could influence the short-term performance of these stocks.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 9:31 pm

Hour Loop has raised its FY23 revenue guidance to a range of $145M-$153M, indicating a 40%-48% year-over-year growth, while maintaining its net income guidance for 2023 at $0.5M-$4M.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:41 pm

Hour Loop reported Q3 EPS of $(0.0004), up from $0.01 YoY, with sales increasing to $29.15M from $17.56M YoY. Gross profit percentage decreased to 50.7% due to competition and higher Amazon fees. Operating expenses decreased to 52.5% of net revenues. The company experienced a net loss of $0.02M compared to a net income of $0.15M YoY. Cash reserves decreased to $0.6M, and inventories rose to $23.8M in preparation for the holiday season.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:40 pm

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