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The anticipated larger loss and declining revenue trends indicate potential weakness, reminiscent of previous quarterly reports which impacted stock performance.
What happened, with direct paths to the underlying reporting
Lovesac will report Q1 results on June 12, projecting a wider loss. Analysts expect losses of 71 cents per share, worse than last year's 63 cents. Quarterly revenue is projected at $137.47 million, slightly up from $132.64 million. Shares fell 1.9% to $20.50 prior to results, indicating market uncertainty. Recent analyst ratings show mixed ratings on target price adjustments.
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