Lovesac Q4 2021 Earnings Report
Key Takeaways
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.
Net sales growth of 40.7% in the fourth quarter.
Comparable sales growth of 45.0% in the fourth quarter.
Gross margin expansion of 890 basis points.
Adjusted EBITDA increased to $25.9 million.
Lovesac
Lovesac
Forward Guidance
Lovesac expects adherence to its 'Designed for Life' philosophy to drive continued growth and profitability, and help reach its goal of operating a 100% circular and sustainable business model by 2040.