Why Home Furnishing Brand Lovesac Shares Are Gaining Today
Why Home Furnishing Brand Lovesac Shares Are Gaining Today
为什么家居品牌Lovesac的股价今天上涨
- Home furnishing brand Lovesac Co (NASDAQ:LOVE) shares are up over 16% on Tuesday morning following better-than-expected Q4 results.
- LOVE reported fourth-quarter FY23 sales growth of 21.7% year-on-year to $238.8 million, beating the consensus of $217.60 million. Comparable sales for the quarter grew 16.2% versus last year.
- Gross profit rose 23.4% Y/Y to $135.2 million, with the margin expanding 70 basis points to 56.6%.
- Total operating expenses climbed 13.7% Y/Y to $97.1 million. The operating income for the quarter was $38.1 million, and the operating margin expanded 360 basis points to 15.9%.
- Adjusted EBITDA increased 51% Y/Y to $48.3 million. EPS of $1.74 topped the consensus of $1.72.
- Lovesac held $43.5 million in cash and equivalents as of January 29, 2023. Net cash provided by operating activities during Q4 totaled $47.9 million.
- Outlook: Lovesac sees Q1 EPS of $(0.37) - $(0.36) versus the Street view of $(0.06). Sales of $133 million - $136 million against the estimate of $134.3 million.
- It expects FY24 EPS of $1.83 - $2.24 versus the estimate of $2.10; Sales of $700 million - $740 million, above the estimate of $692.31 million.
- Price Action: LOVE shares traded higher by 16.71% at $28.01 on the last check Tuesday.
- 家居品牌 Lovesac Co 纳斯达克股票代码：LOVE）在第四季度业绩好于预期之后，周二上午股价上涨了16％以上。
- LOVE报告称，23财年第四季度销售额同比增长21.7％，达到2.388亿美元，超过了共识的2.176亿美元。该季度的可比销售额与去年同期相比增长了16.2％。
- 毛利同比增长23.4％，至1.352亿美元，利润率扩大了70个基点至56.6％。
- 总运营费用同比增长13.7％，达到9,710万美元。该季度的营业收入为3,810万美元，营业利润率增长了360个基点至15.9％。
- 调整后的息税折旧摊销前利润同比增长51％，达到4,830万美元。每股收益为1.74美元，超过了共识的1.72美元。
- 截至2023年1月29日，Lovesac持有4,350万美元的现金及等价物。第四季度经营活动提供的净现金总额为4,790万美元。
- 外表: Lovesac预计第一季度每股收益为0.37美元（0.36）美元，而街景为0.06美元。销售额为1.33亿美元至1.36亿美元，而估计为1.343亿美元。
- 该公司预计24财年的每股收益为1.83美元至2.24美元，而预期为2.10美元；销售额为7亿至7.4亿美元，高于预期的6.9231亿美元。
- 价格走势： 在周二的最后一张支票中，LOVE股价上涨了16.71％，至28.01美元。