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Why Is Home Furnishing Brand Lovesac Stock Plunging Today?

The Lovesac Company (NASDAQ:LOVE) shares are plummeting on Thursday. The company reported fourth-quarter earnings per share of $1.87, missing the analyst consensus of $1.93. Quarterly revenues of $250.507 million missed the street view of $265.323 million. Sales rose 5% year over year, primarily driven by growth within showrooms and internet channels. Gross profit increased 11.9% to $149.6 million in the fourth quarter year over year. Gross margin increased ...