Loading...
•
Aug 01, 2021
Lovesac Q2 2022 Earnings Report
Reported a net sales growth of 65.4% and a comparable sales growth of 39.5%. Net income improved to $8.4 million.
Key Takeaways
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.
Net sales grew by 65.4%.
Comparable sales increased by 39.5%.
Net income improved to $8.4 million from a loss of $(1.1) million in the prior year period.
Adjusted EBITDA reached $12.4 million.
Forward Guidance
The third quarter is off to a strong start, and the company is confident in its ability to execute its key strategic growth priorities and navigate the tight supply chain environment.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...