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home / news releases / LOVE - Declining Consumer Confidence May Slow Lovesac's Growth

LOVE - Declining Consumer Confidence May Slow Lovesac's Growth

The Lovesac Company
  • Strong financial performance in the first quarter with double-digit sales growth across all distribution channels.
  • Gross margin has contracted due to the increased inbound transportation costs, despite the improving product margin.
  • Declining consumer confidence can result in lower demand for Lovesac's products in the near term, potentially slowing the firm's growth.

For further details see:

Declining Consumer Confidence May Slow Lovesac's Growth
Stock Information
Company Name: The Lovesac Company
Stock Symbol: LOVE
Market: NASDAQ
Website: lovesac.com
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