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An update from The Lovesac Company ( (LOVE) ) is now available.
The Lovesac Company hosted its 2024 Investor Day, presenting a strategic framework and financial outlook for fiscal 2026, including a multi-year financial algorithm. The company targets an annual net sales growth of 7% to 12%, a gross margin rate of approximately 59%, and annual EPS growth of at least 100%, underlining its commitment to operational excellence and growth initiatives. These projections assume industry outperformance and exclude impacts from new tariffs, positioning Lovesac for significant growth in the coming years.
More about The Lovesac Company
The Lovesac Company, based in Stamford, Connecticut, is a technology-driven furniture company known for its modular couches, Sactionals, and premium foam beanbag chairs, Sacs. The company focuses on innovation with a range of products designed to last a lifetime and adapt to changing customer needs. Lovesac markets its products primarily online and through showrooms, third-party shop-in-shops, and pop-up shops.
YTD Price Performance: 5.48%
Average Trading Volume: 347,193
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $415.9M
For a thorough assessment of LOVE stock, go to TipRanks’ Stock Analysis page.
