Why Lovesac Stock Popped Today
Shares of Lovesac (NASDAQ: LOVE) are up 15.4% as of 2:15 p.m. EDT Wednesday after the specialty-furniture retailer announced better-than-expected fiscal second-quarter 2020 results.
More specifically, Lovesac's net sales soared 44.8% year over year to $48.1 million, translating to an adjusted net loss of $4.5 million, or $0.31 per share (narrowed from a $0.63-per-share loss a year earlier). Most analysts were expecting a wider loss of $0.50 per share on revenue of $47.7 million.
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Source Fool.com
