The Lovesac Company (NASDAQ:LOVE) will release earnings results for its second quarter, before the opening bell on Thursday, Sept. 12.
Analysts expect the Stamford, Connecticut-based company to report a quarterly loss at 44 cents per share, versus a year-ago loss of 4 cents per share. Lovesac projects to report quarterly revenue of $157 million for the quarter, according to data from Benzinga Pro.
On July 31, Lovesac said it has entered into a five-year extension of its revolving credit facility by $10 million and that its board of directors authorized a share repurchase program up to $40 million.
Lovesac shares rose 0.5% to close at $21.02 ...
