While reporting financial results for the first quarter on Thursday, Lovesac Co. (LOVE), a direct-to-consumer specialty furniture brand, provided loss guidance for the second quarter, well below analysts' estimates. The company also maintained its outlook for the full-year 2026.
For the second quarter, the company expects a loss in a range of $0.58 to $0.83 per basic share on net sales between $157 million and $166 million. On average, analysts polled expect the company to report a loss of $0.30 per share on revenues of $162.29 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to fiscal 2026, the company continues to project earnings in the range of $0.80 to $1.36 per share on net sales between $700 million and $750 million. The Street is looking for earnings of $1.62 per share on net sales of $719.69 million for the quarter.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.