Why Lovesac Stock Sagged by 37% in December
As 2024 drew to a close, it seemed there wasn't a great deal of investor love for Lovesac (NASDAQ: LOVE). They shunned the specialty furniture maker's shares after it posted a less-than-inspiring quarterly earnings report. A gloomy analyst update didn't help to improve the situation. Across December, Lovesac's stock lost more than 37% of its value.
Much of that sell-off occurred in the middle of the month in the wake of Lovesac's release of its third-quarter fiscal 2025 figures. These revealed that net sales fell by nearly 3% year over year to $149.9 million during the period. Net loss deepened to $4.9 million, or $0.32 per share, from the third quarter of fiscal 2024's $2.3 million shortfall.
Collectively, analysts tracking the stock were expecting better. They were modeling a top line in excess of $155 million and a net loss of $0.24 per share.
Source Fool.com
