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What's Going On With Home Furnishing Brand Lovesac Shares After Q1 Earnings?

The Lovesac Company (NASDAQ:LOVE) shares are trading higher after the company reported first-quarter results. The company reported a quarterly loss per share of $0.83, narrower than the analyst consensus loss estimate of $0.96. Lovesac’s sales totaled $132.64 million, beating the street view of $128.07 million. Net sales decreased 6.1% year over year, primarily due to a 14.8% decrease in