The Lovesac Company Announces First Quarter Fiscal 2020 Financial Results
The Lovesac Company (LOVE)
Last the lovesac company earnings: 4/16 07:00 am
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Source: GlobeNewswire
First Quarter Net Sales Increase of 53.0% Comparable Sales Increase of 43.5% STAMFORD, Conn., June 10, 2019 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq:LOVE) today announced its financial results for the first quarter of fiscal 2020, which ended May 5, 2019. Shawn Nelson, Chief Executive Officer, stated, “We are very pleased with our strong start to the year as we delivered sales growth of 53.0%, with an increase in marketing spend of only 22.3%. From an operational standpoint, our teams continued to execute and we made good progress against all of our strategic initiatives, which are centered around: traditional, digital and social marketing; investing in our infrastructure; growing and improving our showroom footprint; and expanding our shop in shop presence.” Mr. Nelson continued, “As we look to the remainder of the year, we will continue to make critically important infrastructure investments in support of our growth while adjusting various aspects of our operations to of
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News
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- The Lovesac Company (NASDAQ: LOVE) had its price target lowered by analysts at Oppenheimer Holdings Inc. from $60.00 to $35.00. They now have an "outperform" rating on the stock.MarketBeat
- Insider Spends US$434k Buying More Shares In Lovesac [Yahoo! Finance]Yahoo! Finance
LOVE
Earnings
- 4/11/24 - Miss
LOVE
Sec Filings
- 5/10/24 - Form SC
- 5/6/24 - Form DEFA14A
- 4/26/24 - Form ARS
- LOVE's page on the SEC website