Lovesac Earnings Reports

The Lovesac Company experienced a modest 0.2% increase in net sales to $150.2 million in the third quarter of fiscal 2026 compared to the prior year, primarily due to the addition of 17 new showrooms. However, the company reported a substantial net loss of $10.6 million, a significant increase from $4.9 million in the prior year, and a negative adjusted EBITDA of $6.0 million.

Lovesac saw net sales increase 2.5% in Q2 2026, driven by showroom growth, but suffered a net loss of $6.7M due to margin compression and higher discounting. Gross margin declined and internet and wholesale revenues fell.

Lovesac delivered 4.3% revenue growth in Q1 FY26, driven by new showroom openings and the launch of EverCouch. While gross margin slipped, the company reduced its net loss and operating expenses.

Lovesac delivered solid Q4 earnings with notable growth in net income and improved operating margins, even as total net sales slightly declined compared to the same period last year.

Lovesac reported a decrease in net sales for Q3 2025, driven by a decline in omni-channel comparable net sales, despite an increase in the number of showrooms. The company experienced an increase in gross margin but also an increase in operating loss due to higher operating expenses. The company gained market share and strengthened its competitive position through product innovation and operational excellence.

The Lovesac Company announced its Q2 Fiscal 2025 results, showing a 1.3% increase in net sales to $156.6 million. This growth was primarily driven by the addition of new showrooms, although it was partially offset by a decrease in omni-channel comparable net sales. The company is managing category headwinds while focusing on product innovation and market share gains.

Lovesac Company announced its financial results for the first quarter of fiscal 2025, with net sales of $132.6 million. The company's performance was inline with expectations, driven by its omni-channel infinity flywheel and advantaged supply chain. The company is expanding its product offering with the launch of the PillowSac Accent Chair.

Lovesac's Q4 2024 net sales increased by 5.0% compared to the prior year, driven by growth in Showroom and Internet channels, despite a decrease in omni-channel comparable net sales. The company surpassed $700 million in revenues for the fiscal year, representing a 7.5% increase.

Lovesac Company reported a 14.3% increase in net sales for the third quarter of fiscal 2024, driven by growth in Showroom and Internet channels. The company's net loss improved by 68.2%.

The Lovesac Company announced its financial results for the second quarter of fiscal year 2024, which ended July 30, 2023. The company reported a 4% increase in net sales compared to the same period last year, with growth driven by Showroom and Internet channels. However, the company experienced a net loss of $0.6 million, a decrease compared to the net income of $5.8 million in the second quarter of fiscal 2023.

Lovesac reported a 9% increase in total sales and a 15% increase in comparable sales for the first quarter of fiscal 2024. The company's performance reflects the success of its customer-centric business model and the loyalty commanded by its product platforms.

Lovesac Company reported a 21.7% increase in net sales for the fourth quarter, driven by growth across all sales channels. Net income was $27.6 million, and adjusted EBITDA increased by 51.0% to $48.3 million. The company is focused on growth initiatives and profitable growth for fiscal year 2024.

Lovesac reported a 15.5% increase in net sales and 8.9% comparable sales growth in Q3 2023. Growth was driven by showrooms and other channels, but partially offset by a decline in internet sales. The company is focused on managing expenses and prioritizing critical spending amid inflationary pressures.

The Lovesac Company reported strong Q2 fiscal 2023 financial results, with net sales growth of 45.0% and adjusted EBITDA of $14.1 million. The company's performance exceeded expectations despite industry challenges, driven by its Designed for Life platform, in-stock position, and brand awareness.

Lovesac reported a strong first quarter with a 56.0% increase in net sales and a 42.2% increase in comparable sales. Net income decreased slightly to $1.9 million, while adjusted EBITDA increased to $6.4 million. The company's performance was driven by growth across all channels and underpinned by key competitive advantages.

Lovesac Company reported a net sales increase of 51.3% and comparable sales growth of 50.0% for the fourth quarter of fiscal year 2022. Net income increased to $32.6 million, with basic EPS of $2.15 and diluted EPS of $2.03.

Lovesac reported a strong third quarter with a 56.1% increase in net sales and an 11% improvement in net income. The company saw growth across all sales channels, including significant increases in showroom and internet sales. They also launched their new Stealthtech embedded surround sound system.

Lovesac reported strong second-quarter results with a 65.4% increase in net sales and a net income of $8.4 million, a significant improvement from the previous year. The company's performance was driven by its disruptive home furnishings model, diversified supply chain, and growing brand awareness.

Lovesac Company announced strong first quarter performance with a net sales growth of 52.5%, a comparable sales increase of 48.8%, and positive Adjusted EBITDA of $5.3 million.

Lovesac reported record fourth quarter and fiscal year 2021 financial results, with net sales growth of 40.7% in the fourth quarter and 37.4% in fiscal 2021. The company's comparable sales growth was 45.0% in the fourth quarter and 53.0% in fiscal 2021. Net income increased to $14.7 million, and Adjusted EBITDA increased to $25.9 million in the fourth quarter.

Lovesac announced strong Q3 fiscal 2021 results, exceeding expectations with a 43.5% increase in net sales and a 53.5% increase in comparable sales. The company reported a net income of $2.5 million and an Adjusted EBITDA of $6.0 million, driven by growth in internet and showroom sales.

Lovesac Company announced its financial results for the second quarter of fiscal 2021, with net sales increasing by 28.7% and comparable sales increasing by 72.4%. The company's net loss improved to $1.1 million, and Adjusted EBITDA improved to $2.2 million.

Lovesac reported strong Q1 results with a 32.8% increase in total company sales, driven by a 255% increase in e-commerce sales. The operating loss improved by almost $1 million from the prior year period, despite showroom closures.

Lovesac announced its Q4 and Fiscal Year 2020 financial results, with a focus on navigating the COVID-19 pandemic. The company reported strong sales growth and is prioritizing the health and safety of associates and customers. They are leveraging their DTC model and online advantages to capitalize on e-commerce demand while managing expenses and capital expenditures.