Lovesac appoints Andrew Farag as CFO
He succeeds Keith Siegner, who stepped down. Farag brings over 20 years of experience.
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Furniture retailer specializing in modular couches and beanbag chairs
lovesac.comLast updated
In short: Lovesac reported mixed first-quarter fiscal 2027 financial results, appointed Andrew Farag as CFO, and partnered with Mulberry.
He succeeds Keith Siegner, who stepped down. Farag brings over 20 years of experience.
Net sales were $138.2M, net loss of $11.1M, and the company provided fiscal 2027 outlook.
Net sales increased 2.4% to $697.1 million for the full year, and the company announced a $40 million share repurchase authorization.
The report highlights environmental sustainability, social responsibility, and governance achievements including zero emissions and plastic bottle repurposing.
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