Why Lovesac (LOVE) Stock Is Trading Up Today
Shares of furniture company Lovesac (NASDAQ:LOVE) jumped 19% in the pre-market session after the company reported impressive fourth quarter 2024 results which beat across the board on revenue, EBITDA, and EPS despite a choppy macro. While sales did drop 3.6% from last year, that was mostly because of weaker online and store demand, but adding more stores helped cushion that fall. With better margins and lean costs, earnings per share rose significantly and ahead of expectations. Looking ahead, f