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Lovesac Company - LOVE STOCK NEWS

Welcome to our dedicated news page for Lovesac Company (Ticker: LOVE), a resource for investors and traders seeking the latest updates and insights on Lovesac Company.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lovesac Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lovesac Company's position in the market.

Rhea-AI Summary
Lovesac Company (LOVE) Announces 14.3% Net Sales Growth and 68.2% Improvement in Net Loss for Q3 Fiscal 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.32%
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Rhea-AI Summary
The Lovesac Company (Nasdaq: LOVE) will release its third quarter financial results on December 6, 2023, before market open. A conference call will be held at 8:30 a.m. Eastern Time to discuss the results. Investors and analysts can participate by dialing 877-407-3982 (international callers 201-493-6780) or accessing the live webcast at investor.lovesac.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.32%
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none
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Rhea-AI Summary
Lovesac Company (LOVE) announces a second-year partnership with Xbox to offer an immersive gaming experience with invisible surround sound technology. Customers purchasing the StealthTech Sound + Charge Speaker System will receive a free Xbox Series S Console and digital copies of Forza Motorsport and Starfield, making it an approximate $450 value. The collaboration aims to revolutionize the gaming world by integrating innovative technology, cutting-edge entertainment, and Total Comfort. The retail bundle will be available on Lovesac.com during Cyber Week while supplies last.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.22%
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none
Rhea-AI Summary
Lovesac Company: Unveils Limited-Edition Northern Nights Sac Collection for Holiday Season, Offering 30% Off Promotions. The collection features three holiday-inspired fabrics, Snow Leopard Phur, Black Bear Phur, and Grizzly Phur, promoting comfort and style. Available for purchase in all Lovesac showrooms and online at lovesac.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.14%
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none
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Rhea-AI Summary
The Lovesac Company announces financial results for Q2 of fiscal 2024, reporting a 4.0% increase in net sales and a 7.2% growth in omni-channel comparable sales. Gross profit increased by 16.8% and gross margin improved by 650 basis points. However, operating loss was $1.0 million compared to operating income of $8.1 million in the same period last year. Net loss was $0.6 million, resulting in a loss per diluted share of $0.04.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.07%
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Rhea-AI Summary
Techstars, the largest pre-seed investor in the world, has announced the appointment of Shirley Romig as the new Chief Accelerator Investment Officer. Romig will oversee Techstars' accelerator programs and manage the selection, funding, and mentoring of entrepreneurs globally. Additionally, Kristi Mitchem and Julie Harris have been appointed to Techstars' Board of Directors. Mitchem brings extensive experience in asset management, while Harris has a background in technology, management consulting, and financial services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.68%
Tags
management
Rhea-AI Summary
The Lovesac Company (Nasdaq: LOVE) announced that its second quarter financial results will be released on November 3, 2023. Preliminary unaudited and unreviewed sales results for the third quarter of fiscal 2024 ended October 29, 2023, show expected net sales in the range of approximately $150 million to $152 million, up 11% to 13% from the same quarter in fiscal 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.8%
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none
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Rhea-AI Summary
Lovesac Company launches Heroes Nomination Program to honor individuals making a positive difference in their communities. Nominators can visit lovesac.com to nominate their heroes. Selected entrants receive a free Lovesac Footsac and a personalized note. Heroes also get a 30% merchandise discount from October 12 to November 12, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.13%
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none
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Rhea-AI Summary
Lovesac receives notice of non-compliance with Nasdaq listing rule due to delayed filing of Quarterly Report, has 60 days to submit a plan to regain compliance
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Rhea-AI Sentiment
End-of-Day
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Rhea-AI Summary
Lovesac delays release of Q2 results due to financial restatements, provides preliminary Q2 financial results exceeding guidance: net sales $154M, gross margin 59%, net loss $0.5M-$1.5M.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.99%
Tags
Lovesac Company

Nasdaq:LOVE

LOVE Rankings

LOVE Stock Data

302.20M
14.57M
8.92%
94.18%
26.88%
Wood Kitchen Cabinet and Countertop Manufacturing
Manufacturing
Link
US
Stamford

About LOVE

lovesac builds furniture that is designed for life. we are the creator of sactionals, the world's most adaptable couch and sacs, the most comfortable seat on earth. we work hard, we play hard, and we do whatever it takes to make it happen.