The Lovesac Company Announces Third Quarter Fiscal 2020 Financial Results
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The Lovesac Company (LOVE) Misses Q3 EPS by 3c, Revenues Miss
December 12, 2019 7:03 AM ESTThe Lovesac Company (NASDAQ: LOVE) reported Q3 EPS of ($0.46), $0.03 worse than the analyst estimate of ($0.43). Revenue for the quarter came in at $52.1 million versus the consensus estimate of $54.29 million.
For the Thirteen Weeks Ended November 3, 2019
Net sales increased 25.0% to $52.1 million in the third quarter of fiscal 2020 from $41.7 million in the third quarter of fiscal 2019. This increase was driven by strong showroom, Internet and pop-up shop (which we previously referred to as shop in shops) performance with both transaction and ticket growth resulting from successful digital marketing strategies which drew new... More