NASDAQ:LOVE

Lovesac Stock Back in Focus as Next Test Approaches
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Lovesac Stock Back in Focus as Next Test Approaches

Lovesac shares closed up 1.0% at $16.11 Thursday after the company set June 11 for its fiscal first-quarter results. The company projects Q1 net sales of $133–$139 million and an adjusted EBITDA loss of $12–$16 million. Last year’s net income fell to $4.1 million from $11.6 million as margins shrank on tariffs and higher costs. Production has shifted out of China to reduce tariff exposure.
May 29, 2026

Stock Market Today

  • UK Home Sales Surge 53% Year-on-Year Amid Stamp Duty Changes
    May 29, 2026, 6:27 AM EDT. UK home sales rose 53% to 101,030 transactions in April 2026, driven by suppressed activity in April 2025 ahead of stamp duty adjustments, HM Revenue and Customs data showed. The stamp duty relief on higher-priced homes ended in April 2026, causing some buyers to pay more tax post-deadline. Despite the year-on-year jump, sales dropped 3% month-on-month. Experts highlighted the impact of stamp duty on transaction timing and market behaviour, with some mortgage deals disrupted by Middle East conflict-related financial uncertainty. However, easing inflation at 3% and stable Bank of England rates have boosted market confidence, supporting lending competition and housing demand. The market is showing signs of resilience and balance amid economic and geopolitical challenges.