Lovesac Co. (LOVE) shares were up 1.2% in Thursday premarket trading after the company reported a narrower-than-expected fiscal Q1 loss and revenue that topped analyst estimates.

The company reported a fiscal Q1 net loss of $0.76 per share, widening from a loss of $0.73 a year earlier. Analysts surveyed by FactSet expected a loss of $1.05.

Revenue for the quarter ended May 3 was $138.2 million, down from $138.4 million a year earlier. Analysts expected $136.3 million.

The company expects Q2 net sales of about $157 million to $166 million, and a basic loss of $0.20 to $0.48 per share. Analysts forecast net sales of $165.2 million and a loss of $0.33.

Lovesac now expects fiscal 2027 earnings to be $0.34 to $0.81 per share, compared with its previous outlook of $0.34 to $0.95. Analysts expected $0.61.

The company expects net sales of about $700 million to $740 million, compared with its previous outlook of $700 million to $750 million. Analysts expected net sales of $719.9 million.