Lovesac Co

Lovesac Co reported a slight decrease in net sales and an increased net loss for the thirteen weeks ended May 3, 2026, compared to the prior year. Net sales were $138.2 million, down from $138.4 million, while net loss widened to $11.1 million from $10.8 million. Despite the increased loss, net cash used in operating activities improved. The company also noted receiving $3.6 million in IEEPA tariff refunds subsequent to the quarter-end, which were not recognized in the current financial statements.

Lovesac Co reported Q1 FY27 results with net sales slightly down 0.1% to $138.2M and a net loss of $11.1M ($0.76/share). The company cited the closure of Best Buy shops and a decrease in comparable net sales as primary drivers for the revenue dip. Gross margin also decreased due to increased transportation costs. Despite these challenges, Lovesac provided an optimistic full-year outlook, projecting net sales between $700M and $740M and a net income of $5M to $12M. The company also highlighted strategic initiatives like new product launches and domestic production of Sactionals seat inserts.

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.

The Lovesac Company announced that its first quarter fiscal 2026 financial results will be released before market open on Thursday, June 11, 2026. The company will host a conference call at 8:30 a.m. Eastern Time to discuss these results, with a live audio webcast available online. Additionally, Lovesac is scheduled to participate in the Oppenheimer 26th Annual Consumer Growth and E-Commerce Conference on Friday, June 12, 2026, featuring a fireside chat at 9:45 a.m. Eastern Time, which will also be webcast live.