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, full-year sales and EBITDA guidance both topped Wall Street's expectations, suggesting confidence in the company's new product roadmap, including launches like the Sactionals Reclining Seat and EverCouch. Overall, we think this was a very strong quarter with some key metrics above expectations.
Let's delve into the US markets on Thursday and uncover the stocks that are experiencing notable gaps in today's session. Below, you'll find the gap up and gap down stocks.
The Lovesac Company (NASDAQ: LOVE) stock is rallying after beating Q4 FY25 estimates. Revenue hit $241.49 million, topping forecasts, while EPS of $2.13 exceeded the expected $1.87. Operating income jumped 17.8%, and adjusted EBITDA rose 11.4%.
Furniture company Lovesac (NASDAQ:LOVE) reported Q4 CY2024 results beating Wall Street’s revenue expectations, but sales fell by 3.6% year on year to $241.5 million. The company expects next quarter’s revenue to be around $139 million, close to analysts’ estimates. Its GAAP profit of $2.13 per share was 13.7% above analysts’ consensus estimates.
The Russell 2000 is home to many small-cap stocks, offering investors the chance to uncover hidden gems before the broader market catches on.
However, these companies often come with higher volatility and risk, as their smaller size makes them more vulnerable to economic downturns.
Value investing has created more billionaires than any other strategy, like Warren Buffett, who built his fortune by purchasing wonderful businesses at reasonable prices.
But these hidden gems are few and far between - many stocks that appear cheap often stay that way because they face structural issues.
Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on.
But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.
Looking back on home furnishings stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Lovesac (NASDAQ:LOVE) and its peers.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at La-Z-Boy (NYSE:LZB) and its peers.
Looking back on home furnishings stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Leggett & Platt (NYSE:LEG) and its peers.
Lovesac has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 12.9% to $24.77 per share while the index has gained 8.8%.
