Lovesac, the furniture company known for its customizable bean bags and sectional couches, reported mixed third-quarter results, leading to a significant decline in its stock price. The company posted revenues of $150 million, slightly below the estimated $155 million, and provided a fourth-quarter revenue guidance of $221 million to $241 million, which also fell short of the $269 million estimate. Earnings per share (EPS) were projected between $1.67 and $2.14, compared to an expected $2.53. Following the announcement, Lovesac's shares dropped approximately 25% in premarket trading. Despite a year-to-date increase of 50%, the stock remains 60% below its all-time high of $21. The management acknowledged ongoing near-term headwinds affecting the category. In contrast, several other stocks showed gains in premarket trading, with HUT up 18.1% and LQDT up 16.8%. Conversely, KROS saw a dramatic decline of 71.8% in premarket trading.