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The Lovesac Company Publishes 2024 ESG Report
Globenewswire· 2024-12-20 21:45
Core Viewpoint - Lovesac emphasizes its commitment to sustainability and responsible business practices, aiming to inspire positive change in the industry and create a sustainable future for generations to come [1][6]. ESG Commitment - The company aims to achieve net-zero waste and emissions by 2040, focusing on high-quality, sustainably manufactured products across various home categories [2][8]. - Lovesac's ESG framework is guided by three pillars: Earth, Love, and Purpose, which will drive its initiatives over the next two decades [7][12]. Earth Initiatives - Lovesac has partnered with REPREVE® to repurpose 1 billion plastic bottles in its product materials, achieving over 240 million bottles repurposed by the end of fiscal year 2024 [7]. Love Initiatives - The company has made progress in gender diversity, with 48% of women in leadership roles in Fiscal 2024, reflecting its commitment to inclusivity [7]. Purpose Initiatives - Lovesac is expanding its Sustainable Supply Chain program to include new transportation and warehousing vendors, reinforcing its commitment to integrity and long-term relationships with suppliers [7]. Reporting and Transparency - The 2024 ESG Report is available on the company's website, marking the fourth annual report in its multi-phased ESG commitment [3][8].
The Lovesac Company Details Strategic Framework and Multi-Year Financial Algorithm at Investor Day
Newsfilter· 2024-12-17 14:00
Core Viewpoint - The Lovesac Company is hosting an Investor Day to present its strategic framework, growth initiatives, and financial ambitions, highlighting its commitment to operational excellence and innovation in the home furnishing sector [1][2]. Financial Expectations - The company has introduced a multi-year financial algorithm projecting annual net sales growth of +10% to +15%, a gross margin rate of 59% to 60%, advertising and marketing expenses at approximately 12.5% of net sales, adjusted EBITDA margin expansion of 50 to 100 basis points, and annual EPS growth of at least 25% [3]. - For Fiscal 2026, preliminary expectations include annual net sales growth of +7% to +12%, a gross margin rate of approximately 59%, advertising and marketing expenses at around 12.5% of net sales, adjusted EBITDA margin expansion of 100 to 150 basis points, and annual EPS growth of at least 100% [4]. Company Overview - The Lovesac Company, based in Stamford, Connecticut, designs, manufactures, and sells high-quality furniture through its proprietary "Designed For Life" approach, focusing on modular couches (Sactionals) and premium foam beanbag chairs (Sacs) [5]. - The company emphasizes innovation and has a robust portfolio of utility patents protecting its core products, primarily marketed through direct online sales and physical showrooms [5].
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
For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Lovesac (LOVE) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Lovesac is one of 212 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individ ...
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
When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate rev ...