The Lovesac Company Updates Outlook Ahead of Participation at the ICR Conference
The Lovesac Company (LOVE)
Last the lovesac company earnings: 4/16 07:00 am
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Source: GlobeNewswire
STAMFORD, Conn., Jan. 13, 2020 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) (“Lovesac” or the “Company”) today updated its outlook for fiscal 2020 ahead of its participation at the ICR conference. Fiscal 2020 net sales growth is expected to be approximately 40%.The Company expects an Adjusted EBITDA* loss in the $3.0 million to $4.0 million range for fiscal year 2020.Fiscal 2020 GAAP Net Loss is expected to be in the $15.4 million to $16.4 million range; Fiscal 2020 Adjusted Net Loss* is expected to be in the $14.9 million to $15.9 million range *Adjusted Net Loss and Adjusted EBITDA are non-GAAP measures and defined below under “Non-GAAP Information.” Shawn Nelson, Chief Executive Officer, stated, “We expect to deliver full year sales growth of approximately 40%, which is within the guidance range we previously provided. This growth is being driven by our unique and differentiated product offering and the strength of our disruptive, multi-channel model. Adjusted E
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- The Lovesac Company (NASDAQ: LOVE) is now covered by analysts at Maxim Group. They set a "buy" rating and a $36.00 price target on the stock.MarketBeat
LOVE
Earnings
- 4/11/24 - Miss
LOVE
Sec Filings
- 4/23/24 - Form 4
- 4/18/24 - Form 4
- 4/16/24 - Form 4
- LOVE's page on the SEC website