Core Viewpoint - HomesToLife Ltd reported significant growth in Q1 2025, with a 405% increase in net revenue compared to the same period last year, driven by the successful launch of its Asia sales subsidiary, HTL Far East [2][4]. Financial Performance - The company achieved net revenue of $5.2 million in Q1 2025, up from $1.0 million in Q1 2024, with HTL Far East contributing $4.4 million to this growth [2]. - Net income for Q1 2025 was $125,000, a turnaround from a net loss of $74,000 in Q1 2024, resulting in earnings of $0.01 per share compared to a loss of $(0.01) per share in the previous year [3]. - The overall gross margin decreased to 26% in Q1 2025 from 68% in Q1 2024, primarily due to the lower gross margin of 17% from HTL Far East [3]. Operating Expenses - Operating expenses rose by $394,000, influenced by $336,000 in costs related to the Nasdaq listing, which were not present in Q1 2024 [4]. Strategic Developments - The acquisition of HTL Marketing in May 2025 positions the company to expand its global footprint beyond Asia [5]. - The company aims to evolve into a multi-market B2B furniture leader with a strong upstream export and sourcing platform [5]. Outlook - For 2025, HTL Far East is expected to maintain strong revenue momentum, with projected total revenue for the year between $260 million and $290 million [7]. - HTL Marketing is anticipated to contribute between $250 million and $280 million in revenue for the full year [7]. Liquidity Position - As of March 31, 2025, the company maintained a net cash position with no bank borrowings, and cash and cash equivalents increased to $3.9 million from $3.4 million at the end of 2024 [6].

STAMFORD, Conn., June 12, 2025 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) (“Lovesac” or the “Company”), the Designed for Life home and technology brand best known for its Sactionals, The World's Most Adaptable Couch, today announced financial results for the first quarter of fiscal 2026, which ended May 4, 2025. Shawn Nelson, Chief Executive Officer, stated, “Our first quarter performance was inline with our expectations to capitalize on secular initiatives to drive growth. Notably, we delivered ...

Core Insights - Hooker Furnishings Corporation reported its fiscal 2026 first quarter results, highlighting stable legacy sales and ongoing cost-saving initiatives as key drivers for performance [1][2][3] Financial Performance - The company reported consolidated net sales of $85.3 million, a decrease of $8.3 million or 8.8% compared to the prior year [4] - Operating loss was reduced by $1.6 million, or 31%, to $3.6 million, attributed to cost-saving initiatives despite lower net sales [4] - Gross margin improved by 180 basis points, maintaining overall gross profit levels despite lower net sales [4] - The net loss for the quarter was $3.1 million, or ($0.29) per diluted share, an improvement from a $4.1 million loss, or ($0.39) per diluted share in the prior year [4][33] Cost Reduction Initiatives - The company is executing a multi-phase cost reduction strategy aimed at achieving approximately $25 million in annualized savings by fiscal year 2027 [6][8] - Initial cost reductions have already resulted in $2.2 million in savings, with expectations of $14 million in cost savings net of offsets and special charges for fiscal 2026 [5][8] - The strategic shift to a new warehouse in Vietnam is expected to enhance supply chain efficiency and reduce lead times from about 6 months to 4–6 weeks [11][12] Segment Performance - Hooker Branded segment net sales increased slightly by 0.8%, while Domestic Upholstery segment saw a decrease of 3.7% [4][12] - Home Meridian segment net sales decreased by $7.6 million, or 28.8%, primarily due to the loss of a major customer and reduced sales from import tariff-related hesitancy [19] - Despite sales decreases, Domestic Upholstery significantly narrowed operating losses by 55% [19] Market Conditions - The home furnishings industry is facing challenges due to persistent softness in the housing market, higher mortgage rates, and declining consumer sentiment [3][21] - Existing home sales remain well below pre-pandemic levels, impacting furniture demand [3][21] - Consumer confidence has dropped to near historic lows, leading many households to pull back on discretionary spending [3][21] Strategic Outlook - The company is focused on product innovation, cost optimization, and operational excellence to navigate ongoing economic challenges [22] - Key initiatives include the launch of the Margaritaville licensing program and the Collected Living merchandising approach, which received positive feedback at the April High Point Market [23][24] - The company anticipates that improvements in macroeconomic conditions will enhance its position for growth and shareholder value [5][22]

The Lovesac Company LOVE will release its first-quarter financial results before the opening bell on Thursday, June 12. Analysts expect the Stamford, Connecticut-based company to report a quarterly loss at 71 cents per share, versus a year-ago loss of 63 cents per share in the year-ago period. Lovesac projects quarterly revenue of $137.47 million, compared to $132.64 million a year earlier, according to data from Benzinga Pro. On April 10, the company reported a fourth-quarter FY25 revenue decline of 3.6% y ...

Core Insights - Wall Street analysts forecast a quarterly loss of $0.84 per share for Lovesac (LOVE), indicating a year-over-year decline of 1.2% [1] - Anticipated revenues for the quarter are projected to be $136.05 million, reflecting a 2.6% increase compared to the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the past 30 days, suggesting analysts have reassessed their initial projections [1] Revenue Estimates - 'Net Sales- Other' is expected to reach $13.91 million, representing a year-over-year decline of 3.6% [4] - 'Net Sales- Internet' is estimated at $36.39 million, indicating a slight decrease of 0.6% year over year [4] - 'Net Sales- Showrooms' is projected to be $85.76 million, showing an increase of 5.1% from the previous year [4] Showroom Metrics - Analysts expect the 'Ending Showroom Count' to be 269, up from 246 in the same quarter of the previous year [5] Stock Performance - Shares of Lovesac have returned -1.4% over the past month, contrasting with the Zacks S&P 500 composite's increase of 7.2% [5] - Lovesac holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the overall market in the near future [5]

Group 1: Earnings Performance - Virco Manufacturing Corporation reported a quarterly loss of $0.01 per share, outperforming the Zacks Consensus Estimate of a loss of $0.13, compared to earnings of $0.13 per share a year ago, representing an earnings surprise of 92.31% [1] - The company posted revenues of $33.75 million for the quarter ended April 2025, missing the Zacks Consensus Estimate by 17.87%, and down from $46.74 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates two times [2] Group 2: Stock Performance and Outlook - Virco Manufacturing shares have declined approximately 19.9% since the beginning of the year, while the S&P 500 has gained 1% [3] - The current consensus EPS estimate for the upcoming quarter is $0.81 on revenues of $113.8 million, and $0.79 on revenues of $270.5 million for the current fiscal year [7] - The estimate revisions trend for Virco Manufacturing is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell) for the stock, indicating expected underperformance in the near future [6] Group 3: Industry Context - The Furniture industry, to which Virco Manufacturing belongs, is currently ranked in the bottom 22% of over 250 Zacks industries, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment [5]

RH (RH) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended April 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move l ...

Core Viewpoint - La-Z-Boy Incorporated is set to report its Fiscal 2025 Fourth Quarter results on June 17, 2025, with a subsequent investor conference call scheduled for June 18, 2025 [1] Company Overview - La-Z-Boy Incorporated is a vertically integrated furniture retailer and manufacturer, known for its iconic recliner invented in 1927, and is committed to quality and consumer compassion [4] - The company operates nearly 200 company-owned La-Z-Boy Furniture Galleries stores and is part of a broader network of over 360 stores, including an e-commerce platform [5] Conference Call Details - The conference call will be webcast live, with slides available at the company's investor relations website [2] - Dial-in numbers for the live conference call are provided for both U.S./Canada and international callers, along with a participant access code [2] - An archive of the conference call will be available online for one year, with a telephone replay accessible for two weeks [3]

Core Insights - Allsteel has expanded its Evo series with a focus on sustainability, versatility, and user comfort, introducing new eco-friendly options and carbon-neutral models [1][6]. Product Features - The new Quilted Knit Back is made from SEAQUAL® upcycled marine litter and features a zero-waste manufacturing process, enhancing comfort while being environmentally conscious [2][4]. - The design includes a quilted infill structure that contours to the user's back shape, allowing for real-time flexibility and support [5][3]. - Evo chairs now include weight-activated control, dual density foam, and 4D Arms, providing multiple levels of comfort and support [5]. Sustainability Commitment - Select Evo models are certified as carbon neutral, with carbon offsets supporting U.S.-based reforestation projects [6]. - The Evo collection holds SCS Indoor Advantage™ Gold and BIFMA LEVEL® 3 certifications, reflecting Allsteel's commitment to responsible material choices and low emissions [6]. Design Flexibility - The expansion introduces painted aluminum as a new finish option, offering 40 curated paint choices for customization [7].

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth S ...