India, April 10 -- Lovesac Co. (LOVE), a direct-to-consumer specialty furniture brand, on Thursday reported higher profit in its fourth quarter, despite weak net sales. Further, the company issued outlook, expecting loss in first quarter and higher profit and sales in fiscal 2026.
In pre-market activity on the Nasdaq, Lovesac shares are climbing around 16.3 percent to trade at $18.52, after gaining around 28 percent on Wednesday's regular trade.
Looking ahead, for the first quarter, the company currently expects net loss in the range of $10 million to $13 million, or basic loss per share in the range of $0.66 to $0.85.
Net sales for the quarter are expected in the range of $136 million to $142 million.
For fiscal 2026, the company proje...