12:35 PM EDT, 09/12/2024 (MT Newswires) -- Lovesac ( LOVE ) shares were up nearly 23% in recent Thursday trading after the company's fiscal Q2 net loss and net sales beat analysts' consensus.

The company reported fiscal Q2 net loss of $0.38 per diluted share, widening from a loss of $0.04 a year earlier. Analysts polled by Capital IQ expected a loss of $0.44.

Net sales for the quarter ended Aug. 4 were $156.6 million, up from $154.5 million a year earlier. Analysts surveyed by Capital IQ expected $155.1 million.

The company expects a fiscal Q3 basic loss per share of between $0.28 and $0.50 on net sales of $152 million to $160 million. Analysts polled by Capital IQ expect EPS of $0.10 on net sales of $164 million, respectively.

For fiscal 2025, the company expects income of $1.01 to $1.26 per diluted share on net sales of $700 million to $735 million. Analysts surveyed by Capital IQ expect $1.23 and $722 million, respectively.

Price: 25.84, Change: +4.82, Percent Change: +22.91