The Lovesac Company (LOVE) Tops Q1 EPS by 15c, Offers Guidance
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The Lovesac Company Reports First Quarter Fiscal 2024 Financial Results
June 7, 2023 7:01 AM EDTNet Sales Growth of 9.1%Comparable Sales Growth of 15.1%
STAMFORD, Conn., June 07, 2023 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) (Lovesac or the Company), the home furnishing brand best known for its Sactionals, The World's Most Adaptable Couch, today announced financial results for the first quarter of fiscal 2024, which ended April 30, 2023.
Shawn Nelson, Chief Executive Officer, stated, We are very pleased with our first quarter performance, highlights of which included 9% and 15% increases in total sales and comparable sales, respectively, despite dampened consumer spending and higher interest rates.... More
