The Lovesac Company
14.24-0.91 (-6.01%)
Oct 29, 4:00:02 PM EDT · NasdaqGM · LOVE · USD
Key Stats
Market Cap
208.05MP/E (TTM)
20.06Basic EPS (TTM)
0.71Dividend Yield
0%Recent Filings
10-Q
Q2 FY2026 results
Lovesac posted Q2 net sales of $160.5M, up 2.5% y/y but flat q/q (derived), with Sactionals driving 93% of the mix amid showroom strength offsetting softer ecommerce. Gross margin slipped to 56.4% from 59.0% y/y on higher promotions and shipping costs, while operating loss narrowed to $8.8M from $8.4M y/y as SG&A dipped 2.1% on lower fees, though a $1.5M impairment hit from exiting Best Buy shops stung. Diluted EPS of -$0.45 aligns with 14.6M shares; YTD net loss improved to $17.5M from $18.8M y/y. Cash fell to $34.2M after $29.2M operating outflow and $6.0M buybacks, but $36.0M revolver availability cushions liquidity with no debt. Showrooms expanded to 270. Yet competition squeezes pricing power.
8-K
Lovesac Q2 sales rise 2.5%
The Lovesac Company reported Q2 fiscal 2026 net sales of $160.5 million, up 2.5% from last year, fueled by 10.4% showroom growth to $109.1 million despite a 4.1% internet sales dip. Gross margin slipped to 56.4% from higher transportation costs and promotions, yielding a $6.7 million net loss. Showrooms drive gains. Yet, cash dwindled to $34.2 million amid inventory buildup. Full-year guidance projects $710–$740 million in sales and $42–$55 million Adjusted EBITDA, navigating tariff risks.
8-K
Lovesac appoints tech expert Boehme
The Lovesac Company appointed Alan Boehme to its Board of Directors on August 27, 2025, to bolster expertise in digital transformation and retail technology. Boehme, with over 30 years leading tech initiatives at H&M, Procter & Gamble, and Coca-Cola, will receive $125,000 in RSUs vesting over two years plus a $75,000 annual retainer. His addition aligns with Lovesac's omnichannel growth goals. Yet, no related transactions are disclosed.
8-K
Lovesac settles derivative suit
The Lovesac Company secured preliminary court approval on June 3, 2025, for a settlement in consolidated shareholder derivative actions alleging fiduciary breaches tied to financial restatements and internal control weaknesses. Lovesac commits to implementing corporate governance reforms—like a Disclosure Committee and enhanced internal controls—for at least four years, while insurers cover $335,000 in plaintiffs' attorneys' fees. Reforms promise stronger oversight. Final approval hearing set for October 1, 2025.
10-Q
Q1 FY2026 results
Lovesac's Q1 FY2026 net sales climbed 4.3% y/y to $138.4M, fueled by an 18.2% surge in showroom revenue to $96.5M, though internet sales dipped 8.9% to $33.3M and other channels fell 40.5% without barter deals. Gross margin slipped 0.6 points to 53.7%, hit by deeper promotions, yet operating loss narrowed to $15.0M from $17.9M as SG&A eased 1.9% on lower fees. Diluted EPS improved to -$0.73 from -$0.83, matching basic with no dilution from 14.8M weighted shares. Cash drained to $26.9M after $41.4M operating outflow from vendor timing, $8.7M capex, and $6.0M stock buybacks; revolver offers $36.0M availability with no debt. Post-quarter, Lovesac axed its Best Buy partnership, eyeing $1.7M-$2.1M exit costs by Q3 FY2026. Litigation lingers over pricing claims.
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