0917 ET - Lovesac jumped 22% on Thursday after topping Wall Street's earnings and sales forecasts. Oppenheimer analysts Brian Nagel and Andrew Chasanoff say in a research note that they were "impressed with indications of sharper, nearer-term strategic focus, on the part of senior leadership," and the company's abilities to maintain a strong balance sheet. But they also say trends at Lovesac are "tracking meaningfully below normalized expansion algos for the company." Nevertheless, they say that while a "break out" event isn't likely for the company or its shares nearer-term, trends could strengthen as significant new products are launched, even if macro conditions remain challenging. Lovesac slips 3% premarket. (connor.hart@wsj.com)
(END) Dow Jones Newswires
March 27, 2026 09:17 ET (13:17 GMT)
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