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The expected loss is significantly larger than last year's result, which suggests weakening performance. Historically, larger losses can lead to share price declines as investors react negatively.
What happened, with direct paths to the underlying reporting
Lovesac will report earnings on Sept. 11, expecting a larger loss than last year. Projected revenue of $160.42 million is slightly above last year's $156.59 million. Shares dropped 0.8%, closing at $19.30 before the earnings report. Analysts maintain varied buy ratings, with targets ranging from $24 to $35. New board member appointed, which may influence strategic decisions.
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