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The Lovesac Company Shares Continue the Rally Following Strong Q3 Results

The Lovesac Company (NASDAQ:LOVE) shares closed more than 5% higher today following yesterday’s rally, which was driven by the company’s reported Q3 results. Quarterly EPS come in at $0.17, beating the consensus estimate of ($0.40). The company impressed with seemingly strengthening underlying topline expansion and efforts of senior leadership to manage well supply chain disruptions, so as to preserve profitability and continue to successfully expand the company’s standing with core consumers.