Here's What Lifted Lovesac Stock Higher Today
Shares of furniture business Lovesac (NASDAQ: LOVE) lifted higher on Thursday after the company reported financial results for its fiscal second quarter of 2025. As of 10:50 a.m. ET, Lovesac stock was up an impressive 25%.
For Q2, Lovesac's management had said it expected net sales of $152 million to $160 million and a net loss of $6 million to $8 million. On the top line, the company performed within this guidance by generating net sales of nearly $157 million. And it performed a hair better on the bottom line, with a net loss of only $5.9 million.
Looking ahead to the rest of its fiscal 2025, Lovesac's management wasn't overwhelmingly bullish with its guidance. Previously, it thought it might generate up to $770 million in full-year net sales, but now it thinks $735 million will be the high end. Moreover, it had hoped it could earn up to $27 million in net income but now will try to muster $21 million.
Source Fool.com
