Why Lovesac Stock Is Jumping Today
Shares of innovative modular furniture maker Loveac (NASDAQ: LOVE) were up 6.5% as of 12:45 p.m. ET on Thursday. Lovesac reported fourth-quarter earnings Thursday morning that far surpassed analysts' expectations for sales and net income.
This performance, paired with a 90-day pause on most of the tariffs implemented last week, has the market moving Lovesac's shares higher.
During its critical holiday season Q4, Lovesac delivered net income growth of 14% despite a 4% slide in sales.
Source Fool.com
