Lovesac (LOVE) Reports Q2 Earnings: What Key Metrics Have to Say

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]