Stock Alert: Lovesac Company Climbs 20%

Shares of Lovesac Co. (LOVE) are climbing almost 20 percent or $1.49 in Friday’s trading at $9.00. The stock has traded in a range of $3.99 to $46.79 in the past 52 weeks.

Stamford, Connecticut-based Lovesac Co. is a direct-to-consumer specialty furniture brand with 91 retail showrooms supporting its ecommerce delivery model.

Thursday, Lovesac Co. reported fourth-quarter net income of $5.42 million or $0.37 per share, down from $8.44 million or $0.62 per share in the previous-year quarter. Adjusted earnings for the quarter were $0.37, compared to $0.63 per share in the prior-year quarter.

However, net sales for the quarter grew 43.6 percent to $92.18 million from $64.18 million in the year-ago period, driven by a 21.3 percent increase in showroom count over the same period last year, a total comparable sales increase of 49.1 percent, and an increase of 53.1 percent in “Other” sale.

Tapestry Extends Store Closures In US And Europe Through April 24

Tapestry Inc. (TPR) Friday announced that it will extend its store closures across North America and Europe. However, the company said its operations in the China are back up and running.

The New York-based luxury lifestyle company said its store closures in North America and Europe will be extended for an additional two weeks through April 24th.

As previously announced, employees at closed locations will continue to receive pay and benefits over this period. The company added that it will continue to reassess store closure decisions on a bi-weekly basis and will not reopen stores until safe to do so.

Tapestry, whose brand includes Coach, Kate Spade and Stuart Weitzman, also said that all stores in South Korea have resumed normal operating hours.

Meanwhile, Tapestry customers can continue to shop through its e-commerce platforms across all brands and regions, and at store locations in the Asia Pacific region that remain open.

The company will provide an update on the operational and financial impacts of the coronavirus outbreak on its global business during its third quarter fiscal 2020 conference call scheduled for April 30, 2020.

Stock Alert: Lovesac Company Climbs 20%

Shares of Lovesac Co. (LOVE) are climbing almost 20 percent or $1.49 in Friday’s trading at $9.00. The stock has traded in a range of $3.99 to $46.79 in the past 52 weeks.

Stamford, Connecticut-based Lovesac Co. is a direct-to-consumer specialty furniture brand with 91 retail showrooms supporting its ecommerce delivery model.

Thursday, Lovesac Co. reported fourth-quarter net income of $5.42 million or $0.37 per share, down from $8.44 million or $0.62 per share in the previous-year quarter. Adjusted earnings for the quarter were $0.37, compared to $0.63 per share in the prior-year quarter.

However, net sales for the quarter grew 43.6 percent to $92.18 million from $64.18 million in the year-ago period, driven by a 21.3 percent increase in showroom count over the same period last year, a total comparable sales increase of 49.1 percent, and an increase of 53.1 percent in “Other” sale.

Stock Alert: Walmart Down 1.5%

Walmart Inc. (WMT) shares are sliding on Friday morning trade. WMT gapped down at open and currently, shares are at $130.35, down 1.50 percent from the prior close of $129.00.

The retail chain store has been gaining for the last few weeks.

The company is expected to report earnings on May 19.

The US stocks have been on an uptrend for the second consecutive week on the optimism that the economy may start opening partially shortly. Further there have been promising early data related to a potential coronavirus treatment from Gilead Sciences (GILD).

Stock Alert: Planet Fitness Gains Strength

Shares of fitness centers operator Planet Fitness, Inc. (PLNT) are climbing more than 10% Friday morning on the back of president Donald Trump’s plan to reopen gyms in the first phase of his three phase opening parts of the country during coronavirus pandemic.

PLNT is currently trading at $55.23. It has traded in the range of $23.77- $88.77 in the past 52-weeks.

Stock Alert: Tronox Holdings Jumps 20% On Q1 Preliminary Results

Shares of Tronox Holdings plc (TROX) are gaining over 20% Friday morning after the company announce preliminary results for first quarter.

TROX is currently trading at $5.96, up $1.00 or 20.16%, on the Nasdaq.

Tronox expects first-quarter revenue to be about $722 million and adjusted earnings of between $0.20 and $0.26 per share. Analysts’ polled by Thomson Reuters currently estimate earnings of $0.12 per share and revenues of $704.71 million.

The company plans to report full financial results on Wednesday, May 6.

CEO Jeffry Quinn the company’s sites are currently running to planned production levels, excluding South Africa. The company said it expects restart mines and concentrators in the coming days.

Stock Alert: Planet Fitness Gains Strength

Shares of fitness centers operator Planet Fitness, Inc. (PLNT) are climbing more than 10% Friday morning on the back of president Donald Trump’s plan to reopen gyms in the first phase of his three phase opening parts of the country during coronavirus pandemic.

PLNT is currently trading at $55.23. It has traded in the range of $23.77- $88.77 in the past 52-weeks.

Palestinians mark Prisoners Day as many languish in Israeli jails

This year a detainee’s commission is urging Israel to release hundreds of sick inmates with poor health, who are at high risk of contracting COVID-19.

Palestinians are marking Prisoners Day – to commemorate the plight of thousands still held in Israeli military jails.

But this year, a detainee’s commission is urging Israel to release hundreds of sick inmates with poor health, who are at a high risk of contracting COVID-19.

Al Jazeera’s Nida Ibrahim reports from the occupied West Bank.