The Lovesac Company Announces Third 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
Third quarter net sales growth of 25%Third quarter total comparable sales increase of 32.5%Comparable showroom sales up 27.1%,Comparable internet sales up 47.7% STAMFORD, Conn., Dec. 12, 2019 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq:LOVE) (the “Company”) today announced its financial results for the third quarter of fiscal 2020, which ended on November 3, 2019. The Company announced its third quarter fiscal 2020 performance, including net sales growth of 25% and total comparable sales growth of 32.5% driven by increases in new customers as well as increases in average order value (AOV). New product introductions including the Sactionals PowerHub and Storage Seat have exhibited 45% attachment rates and have lifted the blended AOV of all Sactionals purchases (new and repeat) significantly. The Company stated it has made good progress on all strategic priorities including supply chain optimization, sourcing, growth of the pop-up shop business, and the successful launch of four
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News
- The Lovesac Company (NASDAQ:LOVE) Q4 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Why Lovesac Continues To Grow While Other Furniture Brands Falter [Forbes]Forbes
- Lovesac (LOVE) Q4 Earnings & Net Sales Miss Estimates, Up Y/Y [Yahoo! Finance]Yahoo! Finance
- The Lovesac Company (NASDAQ: LOVE) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $44.00 to $36.00. They now have a "buy" rating on the stock.MarketBeat
- The Lovesac Company (NASDAQ:LOVE) Shares Could Be 38% Below Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
LOVE
Earnings
- 4/11/24 - Miss
LOVE
Analyst Actions
- 4/12/24 - Canaccord Genuity
LOVE
Sec Filings
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- LOVE's page on the SEC website