CORRECTION: Lovesac Co Expects Q1 Net Sales of $126M-$132M Vs $147.53M Est and EPS of $(0.84)-$(1.03) Vs $(0.15) Est, FY25 Net Sales of $700M-$770M Vs $765.38M Est and EPS of $1.06-$1.59 Vs $2.15 Est

Author: Benzinga Newsdesk | April 11, 2024 10:45am

The Company expects the following for the full year of fiscal 2025:

• Net sales in the range of $700 million to $770 million.
• Adjusted EBITDA1 in the range of $46 million to $60 million.
• Net income in the range of $18 million to $27 million.
• Diluted income per common share in the range of $1.06 to $1.59 on approximately 17.0 million estimated diluted weighted average shares outstanding.
• Fiscal 2025 will contain 52 weeks versus Fiscal 2024 which contained an additional "53rd week" in the fourth quarter.
   

The Company currently expects the following for the first quarter of fiscal 2025:

• Net sales in the range of $126 million to $132 million.
• Adjusted EBITDA1 loss in the range of $13 million to $16 million.
• Net loss in the range of $13 million to $16 million.
• Basic loss per common share in the range of $0.84 to $1.03 on approximately 15.5 million estimated weighted average shares outstanding.

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