Challenging Macro Conditions Hurt Lovesac's Sales, CEO Says -- Market Talk

Dow Jones12-11

0913 ET - Lovesac CEO Shawn Nelson says macroeconomic conditions were more challenging than expected during the recent quarter. Consumer uncertainty led to "meaningful choppiness week to week, particularly in our lower dollar volume transactions," he says on an analyst call. This choppiness resulted in 3Q sales that came in below the company's guidance. "While we are not happy with this outcome, it's important to note that our focus on secular growth initiatives such as new products and the beginnings of a major evolution in our marketing tactics, enabled a slight year-over-year growth in net sales, reflecting market share gains as compared to our category." Lovesac sinks 17% premarket. (connor.hart@wsj.com)

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December 11, 2025 09:13 ET (14:13 GMT)

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