The Lovesac Company (NASDAQ:LOVE) reported first-quarter fiscal 2027 results that topped analyst expectations, but stock fell after the furniture retailer narrowed its full-year sales and earnings outlook amid ongoing pressure on lower-priced purchases.
First-Quarter Results The furniture retailer posted a GAAP net loss of $11.1 million, or 76 cents per share, compared with a loss of $10.8 million, or 73 cents per share, in the year-ago period.
The result was better than analysts' estimate for a loss of $1.00 per share.
Net sales slipped 0.1% year over year to $138.2 million, ahead of the consensus estimate of $137.4 million.
Showroom sales increased 0.6% to $97.1 million, while internet sales rose 7.1% to $35.7 million.
