LOVE's Shares Rise on Narrower-Than-Expected Loss in Q2
The Lovesac pany(LOVE) ZACKS·2024-09-14 02:06
The Lovesac Company (LOVE) reported better-than-expected results in second-quarter fiscal 2025 (ended Aug. 4, 2024), with earnings and net sales beating the Zacks Consensus Estimate. On a year-over-year basis, net sales increased and the adjusted loss widened. The company's quarterly results benefited from the net addition of 31 new showrooms and a 7% increase in internet sales. This was partially offset by a 5.4% decline in omnichannel comparable net sales. During the quarter, the company opened 10 new sho ...