Why Home Furnishing Brand Lovesac Shares Are Gaining Today
Why Home Furnishing Brand Lovesac Shares Are Gaining Today
為什麼家居品牌 Lovesac 股票今天獲得
- 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 雙人有限公司 (NASDAQ: LOVE) 在第四季度業績好於預期的週二早上，股價上漲了 16% 以上。
- LOVE 報告說，第四季度 23 會計年度銷售額同比增長 21.7%，達到 2.8.8 億美元，超過了 217.60 億美元的共識。與去年相比，該季度的銷售額增長了 16.2％。
- 毛利按年上升 23.4% 至 1.93 億美元，其中毛利率擴大 70 個基點至 56.6%。
- 總營運開支按年增長 13.7% 至 97.1 百萬美元。本季度的營業收入為 38.1 億美元，營業利潤率將 360 個基點擴大至 15.9%。
- 經調整除利息、稅項、折舊及攤銷前盈利上升 51% 至 4,830 萬元。每股收益 1.74 美元超過 1.72 美元的共識。
- 截至 2023 年 1 月 29 日，雙人共持有 4.350 萬美元的現金及等價物。第四季營運活動提供的現金淨額總計 4.79 百萬美元。
- 展望：雙人看到第一季每股收益為（0.37）-美元（0.36），而街景視圖為（0.06）。銷售額為 1.33 億美元至 1.36 億美元，而估計為 1.43 億美元。
- 該公司預計 24 財年每股收益為 1.83 至 2.24 美元，而估計為 2.10 美元；銷售額為 7 億 7 億美元至 7.40 萬美元，高於預期的 692.31 萬美元。
- 價格行動： 愛情股在上次檢查星期二上漲 16.71%，報 28.01 美元。