LOVE - Why Is Home Furnishing Brand Lovesac Stock Plunging Today? | Benzinga
The Lovesac Company (NASDAQ:LOVE) shares are plummeting on Thursday.
The company reported fourth-quarter earnings per share of $1.87, missing the analyst consensus of $1.93. Quarterly revenues of $250.507 million missed the street view of $265.323 million.
Sales rose 5% year over year, primarily driven by growth within showrooms and internet channels.
Gross profit increased 11.9% to $149.6 million in the fourth quarter year over year. Gross margin increased ...