STAMFORD, Conn., Oct. 21, 2024 (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, announced that it will host an Investor Day in New York City, NY on Tuesday, December 17 at 10 a.m. Eastern Time. Chief Executive Officer, Shawn Nelson, President and Chief Operating Officer, Mary Fox, Executive Vice President and Chief Financial Officer, Keith Siegner, and other members of the senior leadership team will provide an in-depth review of the company's strategic framework, new products and growth initiatives, commitment to operational excellence, and financial ambitions. Th

Lovesac reinvents the meaning of customizable living, with the world's most versatile table…. STAMFORD, Conn., Sept. 17, 2024 /PRNewswire/ -- The Lovesac Company, a technology-driven company that creates and sells unique, high-quality furniture through its proprietary Designed for Life approach that adapts to customers' changing needs, announces the arrival of AnyTableTM – The World's Most Versatile TableTM that seamlessly enhances ANY Sactionals living space. The perfect blend of style, convenience and functionality, AnyTable brings the Sactionals experience to new heights. The AnyTable provides the Lovesac Sactionals customer with a completely new way to enhance a

STAMFORD, Conn., Sept. 12, 2024 (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 second quarter of fiscal 2025, which ended August 4, 2024. Shawn Nelson, Chief Executive Officer, stated, "Our second quarter results were inline with our expectations as we continued to drive market share gains amidst a challenging industry backdrop. We are pleased with the incredible reception we have seen with the product innovation we have delivered recently through our PillowSac Accent Chair as well as our newly launched AnyTable. We are e

The brands return to NYFW with a disruptive launch of exclusive products paired with satirical branded content sitcom "Get Comfy with KidSuper", merging artful streetwear with Lovesac comfort STAMFORD, Conn., Sept. 9, 2024 /PRNewswire/ -- Lovesac, the Designed for Life home furnishing and technology brand that most recently reinvented the living room accent chair with the launch of the PillowSac Accent Chair, has teamed up with disruptive fashion label KidSuper to launch, "Get Comfy with KidSuper," a first-of-its kind, limited-edition collection of home furnishing styles. Inspired by the infamous KidSuper 'Kissing' print, the disruptive collection merges cloud-like comfort with boundary-push

STAMFORD, Conn., Sept. 05, 2024 (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 that its second quarter financial results will be released before market open on Thursday, September 12, 2024. The Company will host a conference call at 8:30 a.m. Eastern Time to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 877-407-3982 (international callers please dial 201-493-6780) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available

Expands Revolving Credit Facility with 5-Year Extended Maturity Board of Directors Authorizes $40 Million Share Repurchase Program STAMFORD, Conn., July 31, 2024 (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 that it has entered into a five-year extension of its revolving credit facility and that its Board of Directors has authorized a share repurchase program. The Company's revolving credit facility had been set to mature on September 30, 2024. The amendment extends the maturity to July 2029 and adds an uncommitted accordion feature that allow

Former Vitamin Shoppe CEO and Pier 1 Imports exec to lead the revitalization of storied retail, educational and health & wellness brands. OMNI Retail Enterprises (OMNI), operator of a portfolio of lifestyle digital storefronts and communities covering home decor, apparel, health & wellness products, fitness & educational and more, named retail industry insider Sharon M. Leite CEO. Leite is charged with revitalizing OMNI's iconic brands, which include Bodybuilding.com, Pier 1 Imports, Dress Barn, Mentorbox.com and others, into omni-channel powerhouses. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240626837348/en/Sharon M. Lei

Q1 FY25 Net Sales of $132.6 MillionReaffirms Full Year Fiscal 2025 Outlook STAMFORD, Conn., June 13, 2024 (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 2025, which ended May 5, 2024. Shawn Nelson, Chief Executive Officer, stated, "We are pleased to deliver first quarter performance inline to slightly above the high end of our expectations. Our results reflect continued outperformance compared to the industry and demonstrate our commitment to executing against our objectives. We believe through ou

STAMFORD, Conn., June 06, 2024 (GLOBE NEWSWIRE) -- The Lovesac Company (NASDAQ:LOVE) today announced that its first quarter financial results will be released before market open on Thursday, June 13, 2024. The Company will host a conference call at 8:30 a.m. Eastern Time to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 877-407-3982 (international callers please dial 201-493-6780) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at investor.lovesac.com. A recorded replay of the conference call will be available within two hours of the conclusion

The brand snagged 3 Gold Telly's, 4 Silver Telly's and 1 Bronze Telly for Branded Content, Talent Partnerships, Online Commercials and Social Media. STAMFORD, Conn., June 4, 2024 /PRNewswire/ -- The Lovesac Company, the home furnishing and technology brand best known for its Sactionals, The World's Most Adaptable Couch, today announced its 'Rewriting the Rules of Comfort™' 25th Anniversary campaign collected a total of eight winning submissions across multiple top categories in the 45th Annual Telly Awards. The Telly Awards honor excellence in video and television across all screens and is judged by leaders from the advertising world, video platforms, television and streaming networks. Loves

Maxim Group reiterated coverage of Lovesac with a rating of Buy and set a new price target of $38.00 from $36.00 previously

Maxim Group initiated coverage of Lovesac with a rating of Buy and set a new price target of $36.00

ROTH MKM reiterated coverage of Lovesac with a rating of Buy and set a new price target of $36.00 from $32.00 previously

Roth Capital reiterated coverage of Lovesac with a rating of Buy and set a new price target of $105.00 from $100.00 previously

BTIG reiterated coverage of Lovesac with a rating of Buy and set a new price target of $102.00 from $98.00 previously

DA Davidson reiterated coverage of Lovesac with a rating of Buy and set a new price target of $110.00 from $85.00 previously

Craig-Hallum reiterated coverage of Lovesac with a rating of Buy and set a new price target of $110.00 from $85.00 previously

Stifel reiterated coverage of Lovesac with a rating of Buy and set a new price target of $105.00 from $75.00 previously

Canaccord Genuity reiterated coverage of Lovesac with a rating of Buy and set a new price target of $98.00 from $77.00 previously

Roth Capital reiterated coverage of Lovesac with a rating of Buy and set a new price target of $100.00 from $95.00 previously

STAMFORD, Conn., Sept. 12, 2024 (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 second quarter of fiscal 2025, which ended August 4, 2024. Shawn Nelson, Chief Executive Officer, stated, "Our second quarter results were inline with our expectations as we continued to drive market share gains amidst a challenging industry backdrop. We are pleased with the incredible reception we have seen with the product innovation we have delivered recently through our PillowSac Accent Chair as well as our newly launched AnyTable. We are e

STAMFORD, Conn., Sept. 05, 2024 (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 that its second quarter financial results will be released before market open on Thursday, September 12, 2024. The Company will host a conference call at 8:30 a.m. Eastern Time to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 877-407-3982 (international callers please dial 201-493-6780) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available

Q1 FY25 Net Sales of $132.6 MillionReaffirms Full Year Fiscal 2025 Outlook STAMFORD, Conn., June 13, 2024 (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 2025, which ended May 5, 2024. Shawn Nelson, Chief Executive Officer, stated, "We are pleased to deliver first quarter performance inline to slightly above the high end of our expectations. Our results reflect continued outperformance compared to the industry and demonstrate our commitment to executing against our objectives. We believe through ou

STAMFORD, Conn., June 06, 2024 (GLOBE NEWSWIRE) -- The Lovesac Company (NASDAQ:LOVE) today announced that its first quarter financial results will be released before market open on Thursday, June 13, 2024. The Company will host a conference call at 8:30 a.m. Eastern Time to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 877-407-3982 (international callers please dial 201-493-6780) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at investor.lovesac.com. A recorded replay of the conference call will be available within two hours of the conclusion

Fourth Quarter Net Sales Growth of 5.0%Fiscal Year Net Sales Growth of 7.5% STAMFORD, Conn., April 11, 2024 (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 fourth quarter and fiscal 2024, which ended February 4, 2024. Note: Lovesac's fourth quarter and fiscal 2024 results contain an additional, non-comparable week, or the "53rd week", when compared to the fourth quarter and full year results for the respective 52- and 13-week periods ended January 29, 2023 ("fiscal 2023"), and full year guidance for th

STAMFORD, Conn., March 21, 2024 (GLOBE NEWSWIRE) -- The Lovesac Company (NASDAQ:LOVE) today announced that its fourth quarter and fiscal 2024 financial results will be released before market open on Thursday, April 11, 2024. The Company will host a conference call at 8:30 a.m. Eastern Time to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 877-407-3982 (international callers please dial 201-493-6780) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at investor.lovesac.com. A recorded replay of the conference call will be available within two hours

Net Sales Growth of 14.3%Net loss improves 68.2% STAMFORD, Conn., Dec. 06, 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 third quarter of fiscal 2024, which ended October 29, 2023. Shawn Nelson, Chief Executive Officer, stated, "We delivered another quarter of strong financial results and category outperformance highlighted by 14.3% net sales growth on top of 15.5% net sales growth in the fiscal third quarter of last year. Our disruptive Designed For Life platform, commitment to product innovation, compelling marke

STAMFORD, Conn., Nov. 29, 2023 (GLOBE NEWSWIRE) -- The Lovesac Company (NASDAQ:LOVE) today announced that its third quarter financial results will be released before market open on Wednesday, December 6, 2023. The Company will host a conference call at 8:30 a.m. Eastern Time to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 877-407-3982 (international callers please dial 201-493-6780) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at investor.lovesac.com. A recorded replay of the conference call will be available within two hours of the con

Net Sales Growth of 4.0%Omni-channel Comparable Sales Growth of 7.2% STAMFORD, Conn., Nov. 03, 2023 (GLOBE NEWSWIRE) -- The Lovesac Company (NASDAQ:LOVE) ("Lovesac" or the "Company"), sustainable home furnishing brand best known for its Sactionals, The World's Most Adaptable Couch, today announced financial results for the second quarter of fiscal 2024, which ended July 30, 2023. Shawn Nelson, Chief Executive Officer, stated, "We are very pleased with our second quarter performance, which affirms the resilience of our brand and disruptive business model that has consistently delivered category outperformance and extraordinary customer love and loyalty. The quarterly highlights in

STAMFORD, Conn., Oct. 30, 2023 (GLOBE NEWSWIRE) -- The Lovesac Company (NASDAQ:LOVE) today announced that its second quarter financial results will be released before market open on Friday, November 3, 2023. The Company will host a conference call at 8:30 a.m. Eastern Time to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 877-407-3982 (international callers please dial 201-493-6780) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at investor.lovesac.com. A recorded replay of the conference call will be available within two hours of the conclusio

Former Vitamin Shoppe CEO and Pier 1 Imports exec to lead the revitalization of storied retail, educational and health & wellness brands. OMNI Retail Enterprises (OMNI), operator of a portfolio of lifestyle digital storefronts and communities covering home decor, apparel, health & wellness products, fitness & educational and more, named retail industry insider Sharon M. Leite CEO. Leite is charged with revitalizing OMNI's iconic brands, which include Bodybuilding.com, Pier 1 Imports, Dress Barn, Mentorbox.com and others, into omni-channel powerhouses. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240626837348/en/Sharon M. Lei

Romig Brings Extensive Experience Scaling High-Growth Businesses and Building Teams Mitchem and Harris Broaden the Investment Management Experience of the Board of Directors Techstars, the largest pre-seed investor in the world, today announced the appointment of Shirley Romig who will serve as the new Chief Accelerator Investment Officer and will report to Techstars CEO, Maëlle Gavet. In addition, Techstars also announced the appointment of Kristi Mitchem and Julie Harris to its Board of Directors (the "Board"). As Chief Accelerator Investment Officer, Romig is responsible for overseeing Techstars' accelerator programs and managing the selection, funding and mentoring of entrepreneur

STAMFORD, Conn., July 24, 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, announced today that Carly Kawaja has been named Chief People Officer (CPO), effective July 17, 2023. She will report to President and Chief Operating Officer, Mary Fox. In this role, Ms. Kawaja will be responsible for leading the vision, strategy and operations of Lovesac's talent management including associate experience, rewards, talent acquisition, development, diversity, inclusion and belonging. Prior to Lovesac, Ms. Kawaja led the Human Resource organization at Athleta from 2019 t

STAMFORD, Conn., Nov. 03, 2022 (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 that John Legg has been appointed as Chief Supply Chain Officer, effective October 31, 2022. In this role, Mr. Legg will be responsible for leading the vision, strategy, and operations of Lovesac's Supply Chain functions including manufacturing, planning, inventory, distribution and logistics. Mr. Legg has over 25 years of experience in Supply Chain management across retail, wholesale and direct-to-consumer businesses, with leadership roles spanning manufacturing, distr

STAMFORD, Conn., July 01, 2022 (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 that Vineet Mehra has been appointed to the Board of Directors, effective July 1, 2022. Andrew Heyer, Chairman of the Board of Directors, stated, "We are very excited to welcome Vineet to our Board. His extensive experience with mission-driven brands that lead through innovation make him a natural fit for Lovesac. His considerable expertise in marketing as well as in creating world-class customer experiences for some of the biggest retail and consumer companies worldwid

STAMFORD, Conn., April 21, 2022 (GLOBE NEWSWIRE) -- The Lovesac Company (NASDAQ:LOVE) ("Lovesac" or the "Company"), a technology driven company that designs, manufactures, and sells unique, high quality, innovative furniture, is pleased to announce that Todd Duran has been named Chief Information Officer (CIO), effective April 15, 2022. In his new role, Mr. Duran will be responsible for leading the vision, strategy, and operations of Lovesac's technology functions.  He will also provide strategic leadership and leverage technology to foster an environment that will elevate the customer's experience and drive the Company's success.  Mr. Duran has a longstanding history of driving business

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Vertically integrated cannabis company Cannara Biotech Inc. (TSXV:LOVE) (OTCQB:LOVFF) (FRA: 8CB0) announced its fiscal third quarter 2024 financial and operating results on Tuesday for the three month period ended May 31, 2024. Zohar Krivorot, Cannara’s president and CEO, praised the company's "strong performance," during the period, with net revenues reaching CA$19.5 million ($14.2 million) during the quarter, representing a 22.6% year-over-year increase. “Historically, our sales growth has been driven by great customer loyalty and strong demand for our products, amplified by organic word-of-mouth promotion," Krivorot explained. "However, as indicated by our flat quarter-to-quarter r

Lovesac (NASDAQ:LOVE) underwent analysis by 10 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 9 1 0 0 0 Last 30D 1 0 0 0 0 1M Ago 4 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 4 1 0 0 0 Analysts have recently evaluated Lovesac and provided 12-month price targets. The average target is $32.9, accompanied by a high estimate of $36.00 and a low estimate of $30.00. Observing a downward trend, the current average is 8.61%

Roth MKM analyst Matt Koranda maintains Lovesac (NASDAQ:LOVE) with a Buy and maintains $30 price target.

Roth MKM analyst Matt Koranda maintains Lovesac (NASDAQ:LOVE) with a Buy and maintains $30 price target.

DA Davidson analyst Tom Forte maintains Lovesac (NASDAQ:LOVE) with a Buy and raises the price target from $24 to $32.

Canaccord Genuity analyst Maria Ripps maintains Lovesac (NASDAQ:LOVE) with a Buy and maintains $36 price target.

Gainers Chijet Motor Co (NASDAQ:CJET) stock increased by 20.7% to $0.35 during Thursday's after-market session. The market value of their outstanding shares is at $56.2 million. Allbirds (NASDAQ:BIRD) shares increased by 8.61% to $0.59. The company's market cap stands at $91.9 million. Cheetah Net Supply Chain (NASDAQ:CTNT) shares increased by 5.64% to $0.56. The company's market cap stands at $18.1 million. Greenlane Hldgs (NASDAQ:GNLN) stock increased by 4.15% to $0.52. The market value of their outstanding shares is at $1.9 million. GoPro (NASDAQ:GPRO) stock rose 4.02% to $1.54. The company's market cap stands at $234.4 million. PLBY Group (NASDAQ:PLBY) stock increased by 2.91% to $

The Lovesac Company (NASDAQ:LOVE) shares are trading higher after the company reported first-quarter results. The company reported a quarterly loss per share of $0.83, narrower than the analyst consensus loss estimate of $0.96. Lovesac’s sales totaled $132.64 million, beating the street view of $128.07 million. Net sales decreased 6.1% year over year, primarily due to a 14.8% decrease in omni-channel comparable net sales. Gross profit increased by 2.1%, while gross margin increased 430 basis points to 54.3%. The cash and cash equivalents balance as of May 5 was $72.4 million. Total merchandise inventory was $94.7 million, as compared to $104.5 million a year ago. During the fi

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