Lovesac Analysts Cut Their Forecasts After Q2 Earnings

The Lovesac Company (NASDAQ: LOVE) on Thursday reported mixed second-quarter fiscal 2027 results. Adjusted EPS was a 35-cent loss, beating the 36-cent loss estimate, while sales of $161.245 million missed the $165.485 million estimate. Net sales rose 0.4% year over year. Lovesac raised fiscal 2027 GAAP EPS guidance to 98 cents-$1.26 from 34 cents-81 cents, versus an estimate of $1.09. It lowered sales guidance to $690 million-$710 million from $700 million-$740 million, below the $715.275 million estimate. For the third quarter, Lovesac expects sales of $140 million-$150 million, below the $159.835 million estimate, and a GAAP loss of 62 cents-83 cents per share versus an estimated 53-cent loss. Shawn David Nelson, Chief Executive Officer, said, “Second quarter results reflected a record Q2 performance and came in within our...