Lovesac, Co.

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After the market closed on August 16, 2023, Lovesac disclosed that accounting errors related to last mile freight expenses resulted in overstated operating income and net income in the Company’s fiscal year 2023 financial statements. As a result, Lovesac will be restating its 2023 financials.

Shares of Lovesac, Co. stock dropped more than 12% in intraday trading on August 17, 2023.

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