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 EPS of $0.39 on revenue of $130.09M.
Lovesac 's are down 54% and is trading at $32.80 , still down 65.70% from its 52 week high of $87.12 set on Friday, November 19, 2021.
Lovesac shares gained 9.77% to trade at $32.80 in pre-market trade the report.
Lovesac follows other major Consumer Discretionary sector earnings this month
Lovesac's report follows an earnings beat by Home Depot on Tuesday, August 16, 2022, who reported EPS of $5.05 on revenue of $43.79B, EPS of $4.95 on revenue of $43.36B.
Lowe’s had beat expectations on Wednesday, August 17, 2022 with second quarter EPS of $4.67 on revenue of $27.48B, for EPS of $4.58 on revenue of $28.12B.
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