HomeInvestingOptionsLovesac’s (LOVE) Very Comfy 4Q
Lovesac’s (LOVE) Very Comfy 4Q

Lovesac Co. (LOVE) is today’s FOMO stock. Alex Coffey and Jenny Horne discuss the American furniture retailer which produces the well-known Lovesac beanbag. Alex talks about how he grew up with Lovesac (LOVE) furniture at home and Jenny points out that the company has been around for a long time but just went public in 2018. Jenny says she was looking into their products online and mentions that Lovesac’s (LOVE) higher end product is their “Sactional” which can get up to tens of thousands of dollars. Jenny also speaks about the company’s 4Q beats in revenue growth sales and operating income. Sales were up 51%, showroom sales, which include kiosks and mobile concierges and gross profit was up 46% during the quarter. Alex weighs in on the investment the company has done in innovation and research. Finally, Alex and Jenny demonstrate a trade using Lovesac Co. (LOVE) .

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