From Nasdaq: 2025-01-04 14:17:03

Lovesac (NASDAQ: LOVE) experienced a significant stock decline of over 37% in December 2024 after posting disappointing quarterly earnings. Net sales fell by nearly 3% to $149.9 million, with a net loss of $4.9 million. Analysts expected better results, forecasting revenue above $155 million. Lovesac attributed the sales decline to a 9% drop in omnichannel sales, but remains optimistic about future growth opportunities, targeting annual net sales growth of 10-15%. Despite an optimistic outlook, analyst Thomas Forte cut the price target on the stock to $35 per share. Overall, investors are cautious about the company’s ability to meet its targets.



Read more at Nasdaq: Why Lovesac Stock Sagged by 37% in December