The Lovesac Company (NASDAQ:LOVE) shares tumbled in premarket trading Thursday after reporting second-quarter results that, while showing some sales resilience, highlighted margin pressures and weaker-than-expected guidance.
The furniture retailer posted a second-quarter loss of 45 cents per share, narrower than the 71-cent loss anticipated by analysts. Quarterly sales rose 2.5% year-over-year to $160.53 million, slightly above the Street’s forecast of $160.23 million.
