Lovesac reports second quarter fiscal 2027 financial results
Net sales reached $161.2 million with a 21.7% gross profit increase. The company returned to profitability, reporting $7.4 million in net income boosted by tariff refunds.
See the latest news and media coverage for Lovesac. We track all announcements, press releases, and industry mentions in real time, all in one place.
Modern furniture retailer specializing in modular and adaptable seating
lovesac.comLast updated
In short: Lovesac reported record Q2 sales and profit but cut its full-year outlook on weak furniture demand, sending shares down ~12%.
Net sales reached $161.2 million with a 21.7% gross profit increase. The company returned to profitability, reporting $7.4 million in net income boosted by tariff refunds.
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.
Lovesac stock posted USD 161.2 million in fiscal Q2 2027 revenue for the period ended August 2, 2026. Tariff refunds lifted ...
A number of stocks fell in the afternoon session after rising Treasury yields and higher interest...
Wall Street Zen upgraded shares of Lovesac (NASDAQ:LOVE – Free Report) from a hold rating to a buy rating in a research note issued to...
Lovesac lowered its sales outlook for the year as it continues to contend with sluggish furniture demand. Shares in premarket trading fell around 12%. The...
Track Lovesac and your other target companies to get real-time alerts and weekly summaries delivered straight to your inbox.
Discover what's making headlines across other trending companies.