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Lovesac (LOVE) beats Q1 expectations but shares slide 12% after narrowing its FY27 sales and earnings outlook. Read the full report.
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The Lovesac Company announced the appointment of Andrew Farag as Executive Vice President, Chief Financial Officer and Treasurer, effective immediately. Farag brings over 20 years of strategic finance and operational leadership experience from roles at Riveron, Ankura Consulting, and various other companies. He succeeds Keith Siegner who is stepping down but will assist with the transition. The company reaffirmed its second quarter and full-year fiscal 2027 financial guidance.