The Lovesac Company (LOVE) is slated to report its second-quarter fiscal 2025 earnings on Sep. 12, before market open. In the last reported quarter, the company posted an adjusted loss of 83 cents per share. The figure was narrower than the Zacks Consensus Estimate of a loss of 99 cents. Lovesac registered an adjusted loss per share of 28 cents in the prior-year quarter. Net sales topped the consensus mark by 3.5% but declined 6.1% year over year. How Are Estimates Placed for LOVE? The Zacks Consensus Estim ...

Core Insights - The upcoming earnings report for Lovesac (LOVE) is anticipated to show a quarterly loss of $0.46 per share, reflecting a significant decline of 1050% compared to the same period last year [1] - Analysts project revenues of $154.01 million for the quarter, indicating a slight decrease of 0.3% year over year [1] - There have been no revisions in the consensus EPS estimate over the last 30 days, suggesting stability in analysts' forecasts during this period [1] Revenue Estimates - Analysts estimate 'Net Sales- Other' to reach $14.54 million, representing a year-over-year decline of 2.3% [4] - 'Net Sales- Internet' is projected at $39.45 million, indicating a decrease of 4.8% year over year [4] - 'Net Sales- Showrooms' is expected to be $100.02 million, reflecting a year-over-year increase of 1.8% [4] Stock Performance - Lovesac shares have experienced a decline of 1.6% over the past month, contrasting with the Zacks S&P 500 composite's increase of 3.5% [5] - The company holds a Zacks Rank of 3 (Hold), suggesting it is likely to closely follow overall market performance in the near term [5]

This announcement follows the instant sensation of Lovesac and KidSuper's first collaboration in February 2024. The exclusive Blue Camo MovieSac and Squattoman Cover product drop first introduced consumers to the blended home comfort and artful streetstyle that only these two brands could create together. The latest capsule pushes these boundaries on the intersection of fashion and home even further, giving consumers more opportunities to bring their couture style into the living room. The limited edition " ...

STAMFORD, Conn., Sept. 05, 2024 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) ("Lovesac" or the "Company"), the home furnishing brand best known for its Sactionals, The World's Most Adaptable Couch, today announced that its second quarter financial results will be released before market open on Thursday, September 12, 2024. The Company will host a conference call at 8:30 a.m. Eastern Time to discuss the financial results. Investors and analysts interested in participating in the call are invited to ...

Core Insights - The article emphasizes the importance of the Zacks Rank system, which focuses on earnings estimates and revisions to identify strong stocks [1] - Value investing is highlighted as a popular and successful strategy across various market conditions, relying on traditional analysis of key valuation metrics [2] Company Analysis: Lovesac (LOVE) - Lovesac (LOVE) currently holds a Zacks Rank of 2 (Buy) and an A for Value, indicating it is among the best value stocks available [3] - The P/S ratio for LOVE is 0.51, which is lower than the industry average of 0.58, suggesting it may be undervalued [4] - LOVE's P/CF ratio stands at 12.28, compared to the industry's average of 13.61, indicating a solid cash outlook and potential undervaluation [5] - Over the past 12 months, LOVE's P/CF has fluctuated between a high of 16.46 and a low of 8.14, with a median of 11.93, further supporting its undervaluation status [5] - Overall, the metrics suggest that Lovesac is likely undervalued and stands out as one of the market's strongest value stocks based on its earnings outlook [6]

Board of Directors Authorizes $40 Million Share Repurchase Program The Company's revolving credit facility had been set to mature on September 30, 2024. The amendment extends the maturity to July 2029 and adds an uncommitted accordion feature that allows the Company, subject to certain customary conditions, to increase the size of the revolving credit facility by $10 million. Keith Siegner, Executive Vice President and Chief Financial Officer, stated, "We are pleased to have successfully extended our credit ...

Investigation Overview - Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of The Lovesac Company (NASDAQ: LOVE) who bought securities prior to March 30, 2023, and still hold them [1][2] - The investigation focuses on whether Lovesac and certain officers and/or directors have engaged in corporate wrongdoing [2] Legal Representation - The firm represents investors in class actions on a contingency fee basis, meaning they will seek reimbursement for expenses and attorneys' fees only if successful [3] - Bronstein, Gewirtz & Grossman, LLC is recognized nationally for representing investors in securities fraud class actions and shareholder derivative suits, having recovered hundreds of millions of dollars for investors nationwide [3]

NEW YORK, July 11, 2024 /PRNewswire/ -- Scholastic, the global children's publishing, education and media company, announced today that it will publish Run Away With Me on April 1, 2025, an unforgettable comingof-age love story for young adults by #1 New York Times bestselling author and Caldecott Medalist Brian Selznick. Releasing simultaneously in hardcover, ebook, and audiobook formats, this profoundly romantic and moving novel set in Rome, written by one of today's most innovative storytellers, will be ...

The quarter's results reflect a 14.8% decline in omnichannel comparable net sales and a 9% decline in internet sales. This downtick was reflected in the soft contributions from the company's reportable segments and was partially offset by the net addition of 35 new showrooms compared with the year-ago period. Nonetheless, going forward, the company aims to focus on its omnichannel infinity flywheel, which has been designed for the life platform and advantaged supply chain. The omnichannel infinity flywheel ...

Core Insights - Lovesac reported revenue of $132.64 million for the quarter ended April 2024, which is a year-over-year decline of 6.1% [5] - The company had an EPS of -$0.83, compared to -$0.28 a year ago, indicating a worsening performance [5] - The reported revenue exceeded the Zacks Consensus Estimate of $128.2 million, resulting in a surprise of +3.47% [1] - The EPS surprise was +16.16%, with the consensus EPS estimate being -$0.99 [1] Performance Metrics - The company’s net sales from showrooms were $81.62 million, which is a year-over-year change of -2.3% and exceeded the two-analyst average estimate of $78.01 million [6] - Internet sales were reported at $36.60 million, reflecting a year-over-year decline of -9% and slightly below the average estimate of $36.61 million [6] - Other net sales amounted to $14.42 million, representing a year-over-year change of -17.1% and surpassing the average estimate of $13.54 million [6] - The ending showroom count was 246, compared to the average estimate of 239 based on two analysts [6] Stock Performance - Lovesac shares have returned -4% over the past month, contrasting with the Zacks S&P 500 composite's +4% change [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), suggesting potential underperformance relative to the broader market in the near term [3]