Lovesac Guides Q3 Loss Below Consensus, Full-Year Sales Miss
LOVE sits 34% above its 52-week low of $10.33 on elevated volume (2.6× avg).
Summary
Lovesac's Q2 beat was entirely driven by a $21M tariff refund; excluding it, adjusted EBITDA swung to a $1.3M loss. The company guided Q3 to a loss of $0.62-$0.83 per share, worse than the $0.54 loss expected, and full-year sales to $690M-$710M, below the $717.3M consensus. Negative comparable sales and margin compression underscore underlying weakness. This follows the earlier guidance headline but adds the full-year outlook and the extent of the operational miss.
At the time of this announcement, LOVE was trading at $13.81 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $234.7M. The 52-week trading range was $10.33 to $20.87. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.