Investing.com - Lovesac reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lovesac announced earnings per share of $0.45 on revenue of $148.5M. Analysts polled by Investing.com anticipated EPS of $0.39 on revenue of $130.09M.
Lovesac shares are down 54% from the beginning of the year, still down 65.70% from its 52 week high of $87.12 set on November 19, 2021. They are under-performing the Nasdaq which is down 24.63% from the start of the year.
Lovesac shares gained 9.77% in pre-market trade following the report.
Lovesac follows other major Consumer Discretionary sector earnings this month
Lovesac's report follows an earnings beat by Home Depot on August 16, who reported EPS of $5.05 on revenue of $43.79B, compared to forecasts EPS of $4.95 on revenue of $43.36B.
Lowe’s had beat expectations on August 17 with second quarter EPS of $4.67 on revenue of $27.48B, compared to forecast for EPS of $4.58 on revenue of $28.12B.
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