The Lovesac Company (LOVE) Gets a Buy from Oppenheimer

Oppenheimer analyst Brian Nagel maintained a Buy rating on The Lovesac Company with a $35 price target, while shares closed at $13.99. Nagel, a 5-star analyst, has an average return of 18.5%. Craig-Hallum also issued a Buy rating, but TR | OpenAI reiterated a Hold rating. Nagel covers Consumer Cyclical stocks like Home Depot and Lowe’s.

Lovesac’s Earnings Call: Innovations Amid Challenges

The Lovesac Company’s Q3 earnings call highlighted both achievements and challenges. Successes included product innovation, domestic manufacturing expansion, and strong sales during key periods. However, the company faced revenue guidance shortfalls, decreased gross margins, and increased operating losses. Despite these challenges, Lovesac plans to focus on product innovation and digital marketing to drive future growth, with projected net sales between $685 million and $705 million for fiscal 2026.

Lovesac (NASDAQ: LOVE) reports wider quarterly loss, sales of $150.166 million missed expectations, stock fell.

Lovesac (NASDAQ: LOVE) reported a wider quarterly loss with an EPS loss of 72 cents, missing the expected 59-cent loss. Sales reached $150.166 million, slightly up by 0.2% year over year, but below the estimated $154.146 million. The company adjusted its full-year outlook due to higher costs and weaker comparable sales. The stock fell following the report.

Lovesac shares are trading lower after the company reported worse-than-expected Q3 financial results and cut its FY26 guidance below estimates. Also, the company issued Q4 guidance below estimates.

Lovesac Posts Wider Loss In Q3

Lovesac reported a Q3 net loss of $10.6 million, up from $4.9 million last year, with net loss per share at $0.72. Net sales rose 0.2% to $150.2 million. For fiscal 2026, projected net sales are $685-$705 million, with income per share of $0.15-$0.49. Q4 sales are expected at $236-$256 million, with income per share of $1.88-$2.22. Shares fell 14% to $11.69 pre-market.