Lovesac Guides Q3 Sales to $140M-$150M, Above Consensus
LOVE sits 35% above its 52-week low of $10.33 on elevated volume (2.6× avg).
Summary
Lovesac issued Q3 FY27 sales guidance of $140M-$150M, a range that likely exceeds consensus expectations given the company's recent performance. The company also guided to a Q3 loss of $9M-$12M, with a basic loss per share of 62c-83c. This follows the Q2 earnings release earlier today, which showed a return to profitability boosted by a $21M tariff refund. However, Lovesac cut its sales outlook on choppy furniture demand. The guidance provides a concrete revenue target for the holiday quarter, a critical period for the furniture retailer.
At the time of this announcement, LOVE was trading at $13.95 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: Dow Jones Newswires.