The Lovesac pany(LOVE)
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Cannara Provides Update on Its 2024 Annual General Meeting Materials amid Canada Post Strike
Globenewswire· 2024-12-16 17:00
Core Points - Cannara Biotech Inc. will utilize CSA Coordinated Blanket Order 51-913 to exempt itself from sending proxy-related materials for its upcoming annual general meeting due to the ongoing postal strike in Canada [1][5][6] - The annual general meeting is scheduled for January 30, 2025, and will be conducted in a virtual-only format [3][4] - Shareholders will vote on several key matters, including the election of directors, appointment of auditors, and approval of stock option and restricted share unit compensation plans [4] Company Overview - Cannara Biotech Inc. is a vertically integrated producer of premium-grade cannabis and derivative products, operating two mega facilities in Québec with a total area of over 1,650,000 square feet [1][11] - The company has a potential annualized cultivation output of 100,000 kg, leveraging low electricity costs in Québec to offer affordable premium-grade cannabis products [11]
Lovesac: Q3 Wasn't A Disaster, But More Caution Is Needed (Rating Downgrade)
Seeking Alpha· 2024-12-14 04:41
The Lovesac Company (NASDAQ: LOVE ), the furniture manufacturer and retailer known for its sectional couches, sacs, and other products, reported its fiscal Q3 results on the 12 th of December in pre-market hours. The resultsI am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding the drivers behin ...
Why Lovesac Stock Is a Sad Sack Today -- Down 25%
The Motley Fool· 2024-12-12 17:45
Couch manufacturer Lovesac (LOVE -27.28%) sprung multiple springs on Thursday. Its stock was down 25.2% through 11:40 a.m. ET, after reporting misses on both the top and bottom lines earlier in the morning.Heading into the fiscal third quarter 2025 report, analysts were already pessimistic, predicting Lovesac would lose $0.28 per share on $155.3 million in sales -- but the news was worse. Lovesac lost $0.32 per share, and sales fell below estimates at $149.9 million. Lovesac Q3 earningsQ3 sales declined abo ...
The Lovesac pany(LOVE) - 2025 Q3 - Earnings Call Transcript
2024-12-12 16:49
The Lovesac Company (NASDAQ:LOVE) Q3 2025 Results Conference Call December 12, 2024 8:30 AM ET Company Participants Caitlin Churchill - Investor Relations Shawn Nelson - Chief Executive Officer Mary Fox - President and Chief Operating Officer Keith Siegner - Chief Financial Officer Conference Call Participants Maria Ripps - Canaccord Genuity Thomas Forte - Maxim Group Matt Koranda - Roth Capital Partners Alex Fuhrman - Craig Holland Capital Group Andrew Chasanoff - Oppenheimer Operator Greetings, and welcom ...
Is Lovesac (LOVE) Stock Outpacing Its Retail-Wholesale Peers This Year?
ZACKS· 2024-12-12 15:41
Company Overview - Lovesac (LOVE) is part of the Retail-Wholesale group, which consists of 212 companies and currently ranks 8 within the Zacks Sector Rank [2] - The company has a Zacks Rank of 2 (Buy), indicating a favorable outlook based on earnings estimate revisions and improving earnings outlooks [3] Performance Metrics - Year-to-date, Lovesac has seen a stock price increase of approximately 47.5%, outperforming the average gain of 35.4% in the Retail-Wholesale group [4] - The Zacks Consensus Estimate for Lovesac's full-year earnings has increased by 0.5% over the past three months, reflecting improved analyst sentiment [4] Industry Context - Lovesac operates within the Retail - Home Furnishings industry, which includes 7 individual stocks and currently ranks 186 in the Zacks Industry Rank [6] - The average gain for stocks in the Retail - Home Furnishings industry this year is 21.2%, indicating that Lovesac is performing significantly better in terms of year-to-date returns [6] Comparison with Peers - Another notable stock in the Retail-Wholesale sector is Victoria's Secret (VSCO), which has achieved a year-to-date return of 78% and also holds a Zacks Rank of 2 (Buy) [5] - Victoria's Secret is categorized under the Retail - Apparel and Shoes industry, which has 40 stocks and ranks 79, with an industry gain of 41.1% since the beginning of the year [7]
Should Value Investors Buy Lovesac (LOVE) Stock?
ZACKS· 2024-12-12 15:41
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.Luckily, Zacks has developed ...
Lovesac (LOVE) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-12-12 15:31
For the quarter ended October 2024, Lovesac (LOVE) reported revenue of $149.91 million, down 2.7% over the same period last year. EPS came in at -$0.32, compared to -$0.15 in the year-ago quarter.The reported revenue represents a surprise of -3.08% over the Zacks Consensus Estimate of $154.68 million. With the consensus EPS estimate being -$0.34, the EPS surprise was +5.88%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...
Recent Price Trend in Lovesac (LOVE) is Your Friend, Here's Why
ZACKS· 2024-12-12 14:50
Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in short-term investing, highlighting that while price momentum can be profitable, it requires solid fundamentals to maintain that momentum [1][2]. Group 1: Stock Performance - The stock Lovesac (LOVE) has shown a significant price increase of 44.2% over the past 12 weeks, indicating strong investor interest [4]. - In the last four weeks, LOVE's price has increased by 22.9%, suggesting that the upward trend is still intact [5]. - Currently, LOVE is trading at 91.5% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - LOVE holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks with sufficient fundamental strength to sustain their recent uptrends [3]. - The article suggests that investors should consider other stocks that meet the criteria of the "Recent Price Strength" screen for potential investment opportunities [8].
Lovesac (LOVE) Reports Q3 Loss, Misses Revenue Estimates
ZACKS· 2024-12-12 14:10
Lovesac (LOVE) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.88%. A quarter ago, it was expected that this company would post a loss of $0.46 per share when it actually produced a loss of $0.38, delivering a surprise of 17.39%.Over the last four quarters, the company has surpassed consens ...
The Lovesac pany(LOVE) - 2025 Q3 - Quarterly Report
2024-12-12 12:03
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 3, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38555 THE LOVESAC COMPANY (Exact name of registrant as specified in its charter) 32-0514958 Delaware | --- | --- | |-- ...