Lovesac co reports q3 sales of $52.1 mln

The lovesac company announces third quarter fiscal 2020 financial results.q3 loss per share $0.46 including items.q3 earnings per share estimate $-0.43 -- refinitiv ibes data.q3 sales $52.1 million versus refinitiv ibes estimate of $54.3 million.q3 total comparable sales increase of 32.5%.narrowing its expected net sales growth range for year to 40% - 42%.continues to expect positive adjusted ebitda for full fiscal year.qtrly decrease in gross margin rate was driven primarily by impact of 25% china tariffs.
LOVE Ratings Summary
LOVE Quant Ranking