Lovesac (NASDAQ:LOVE) Reports Sales Below Analyst Estimates In Q4 Earnings, Stock Drops 18.6% [Yahoo! Finance]
The Lovesac Company (LOVE)
Last the lovesac company earnings: 4/16 07:00 am
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Source: Yahoo! Finance
Next quarter's revenue guidance of $129 million also underwhelmed, coming in 13.8% below analysts' estimates. It made a GAAP profit of $1.87 per share, improving from its profit of $1.74 per share in the same quarter last year. Is now the time to buy Lovesac? Find out by accessing our full research report, it's free Lovesac (LOVE) Q4 CY2023 Highlights: Revenue: $250.5 million vs analyst estimates of $265.4 million (5.6% miss) EPS: $1.87 vs analyst expectations of $1.93 (2.9% miss) Revenue Guidance for Q1 CY2024 is $129 million at the midpoint, below analyst estimates of $149.6 million ( EPS guidance for the period missed meaningfully) Management's revenue guidance for the upcoming financial year 2025 is $735 million at the midpoint, missing analyst estimates by 4.7% and implying 5% growth (vs 8.1% in FY2024) ( EPS guidance for the period missed meaningfully) Gross Margin (GAAP): 59.7%, up from 56.6% in the same quarter last year Market Capitalization: $361.5 million
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News
- 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
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LOVE
Earnings
- 4/11/24 - Miss
LOVE
Sec Filings
- 4/26/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- LOVE's page on the SEC website