Lovesac Q1 Net Sales $138.2M; Refines FY27 Outlook

Lovesac Co reported Q1 fiscal 2027 financial results with net sales of $138.2 million, a slight decrease of 0.1% year-over-year, and a net loss of $11.1 million, up 2.3% from the prior year. Gross margin declined by 160 basis points to 52.1%. Despite industry headwinds, the company is advancing strategic growth initiatives, including record product launches and a Made in America initiative for Sactionals seat inserts. Lovesac also refined its full-year fiscal 2027 outlook, projecting net sales between $700 million and $740 million and net income between $5 million and $12 million.