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 and are trading at $32.80 , down-from-52-week-high.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 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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