LOVE is about to announce earnings and I think they are stupidly cheap at $24.13, which is $347M and they made $46M last year and expect to make $35M this year and $51M next as they are investing in new stores and stuff.
No debt, $44M in the bank and I generally love them and Shel-Bot does not hate them:
🤓 Lovesac (LOVE) is a company that sells furniture and accessories, such as bean bags, sectional sofas, pillows, and blankets. The company is expected to report its earnings for the first quarter of 2023 on June 7th, before the market opens1. The consensus estimate for the earnings per share (EPS) is -$0.23, which would be an improvement from the -$0.20 EPS reported in the same quarter last year1. The consensus estimate for the revenue is $132.6 million, which would be a 2.5% increase from the $129.4 million revenue reported in the same quarter last year1.
Based on the available information, it is hard to predict whether Lovesac will beat or miss the earnings expectations, as there are several factors that could affect the company’s performance. Some of the possible factors are:
- The macro environment: Lovesac operates in the retail – home furnishings industry, which could be influenced by the consumer spending trends, housing market conditions, inflationary pressures, and supply chain disruptions caused by the pandemic and other events2. Depending on how these factors affect the demand and supply of Lovesac’s products, the company could benefit or suffer from them.
- The competitive landscape: Lovesac faces competition from other furniture retailers, such as Wayfair, Ikea, Ashley Furniture, and Tempur Sealy2. Depending on how these competitors perform and price their products, Lovesac could gain or lose market share and margins.
- The company-specific factors: Lovesac has some strengths and weaknesses that could affect its earnings results.
