Lovesac slides after annual forecasts below estimates
10/09/2026 12:40
BUZZ-Lovesac slides after annual forecasts below estimates ** Shares of home furniture brand Lovesac LOVE.O fall 12.7% to $14 premarket
** The home furniture brand sees FY27 net sales of $690 mln to $710 mln — below analysts' avg est. of 715.3 mln, per data compiled by LSEG
** Expects Q3 net sales of $140 mln to $150 mln, below est. of $160 mln
** CEO Shawn David Nelson cites uneven industry conditions
** Q2 sales of $161.2 mln lag est. of $165.5 mln
** All six brokerages rate the stock "buy" or higher; median PT is $22
** As of last close, stock up 8.7% YTD
(Reporting by Anand Gopal in Bengaluru)