Lovesac (LOVE) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

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]