Core Insights - Lovesac reported revenue of $156.59 million for the quarter ended July 2024, marking a year-over-year increase of 1.3% and exceeding the Zacks Consensus Estimate of $154.01 million by 1.68% [1] - The company posted an EPS of -$0.38, which is a decline from -$0.04 a year ago, but it surpassed the consensus EPS estimate of -$0.46 by 17.39% [1] Revenue and Earnings Performance - The ending showroom count was 254, slightly below the average estimate of 256 from two analysts [3] - Net Sales from Other sources were reported at $13.50 million, which is lower than the average estimate of $14.54 million, reflecting a year-over-year decrease of 9.3% [3] - Net Sales from Internet channels reached $44.30 million, exceeding the average estimate of $39.45 million, with a year-over-year increase of 6.9% [3] - Net Sales from Showrooms amounted to $98.80 million, slightly below the average estimate of $100.02 million, showing a year-over-year change of 0.6% [3] Stock Performance - Lovesac's shares have declined by 6.5% over the past month, contrasting with the Zacks S&P 500 composite's increase of 4% [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]

Company Performance - Lovesac reported a quarterly loss of $0.38 per share, better than the Zacks Consensus Estimate of a loss of $0.46, compared to a loss of $0.04 per share a year ago, indicating an earnings surprise of 17.39% [1] - The company posted revenues of $156.59 million for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 1.68% and showing an increase from $154.53 million year-over-year [2] - Over the last four quarters, Lovesac has exceeded consensus EPS estimates three times and topped consensus revenue estimates three times as well [2] Stock Outlook - The stock has underperformed, losing about 17.7% since the beginning of the year, while the S&P 500 has gained 16.4% [3] - The current consensus EPS estimate for the coming quarter is $0.05 on revenues of $159.62 million, and for the current fiscal year, it is $1.09 on revenues of $708.88 million [7] - The estimate revisions trend for Lovesac is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Retail - Home Furnishings industry, to which Lovesac belongs, is currently in the bottom 13% of over 250 Zacks industries, suggesting potential challenges ahead [8]

STAMFORD, Conn., Sept. 12, 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 financial results for the second quarter of fiscal 2025, which ended August 4, 2024. Shawn Nelson, Chief Executive Officer, stated, "Our second quarter results were inline with our expectations as we continued to drive market share gains amidst a challenging industry backdrop. We are ple ...

The Lovesac Company LOVE will release earnings results for its second quarter, before the opening bell on Thursday, Sept. 12. Analysts expect the Stamflord, Connecticut-based company to report a quarterly loss at 44 cents per share, versus a year-ago loss of 4 cents per share. Lovesac projects to report quarterly revenue of $157 million for the quarter, according to data from Benzinga Pro. On July 31, Lovesac said it has entered into a five-year extension of its revolving credit facility by $10 million and ...

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 ...