Lovesac Q1 2022 Earnings Report

Reported a net sales growth of 52.5% and comparable sales growth of 48.8%. Net income improved to $2.1 million from $(8.3) million in the prior year period, and achieved a record first quarter Adjusted EBITDA of $5.3 million.

Key Takeaways

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.

Net sales growth of 52.5%.

Comparable sales growth of 48.8%.

Net income improved to $2.1 million from $(8.3) million in the prior year period.

Record first quarter Adjusted EBITDA of $5.3 million.

Total Revenue

$82.9M

Previous year: $54.4M

+52.5%

EPS

$0.13

Previous year: -$0.58

-122.4%