LOVE - Lovesac is seen rallying even more after 21% earnings pop

BTIG turns even more constructive on Lovesac Company (NASDAQ:LOVE) after digesting what it says was a stellar earnings report from the retailer. Analyst Camilo Lyon: "With robust demand trends supported by solid Black Friday/Cyber Week performance, we believe the company’s outlook will likely prove conservative as its ability to meet demand with available supply is driving conversion increases. While LOVE did not provide formal guidance for F23, it offered high level framing of high 20% sales growth, ~50% gross margin, and adj. EBITDA growth to exceed sales growth." Lyon and team think the Lovesac (LOVE) guidance factors in supply chain headwinds to persist for all of FY23, which is seen as conservative with elevated costs/bottlenecks expected to ease in the back half of next year. The StealthTech deal is also seen being immediately accretive to FQ4 sales and beyond. BTIG reiterates a Buy rating on Lovesac (LOVE) and takes its

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Lovesac is seen rallying even more after 21% earnings pop