earnings
confidence high
sentiment positive
materiality 0.70
Lovesac Q3 FY2022: Net sales +56% to $116.7M, comps +47%, net income +11% to $2.8M
Lovesac Co
2022-Q3 EPS reported
$0.83
revenue$302,041,000
- Net sales $116.7M, +56.1% YoY; comparable sales +47.1% on top of +53.5% last year.
- Net income $2.8M, +11% YoY; diluted EPS $0.17 vs $0.16.
- Gross margin 50.2%, down 510 bps from 55.3% due to supply chain costs.
- Adjusted EBITDA $5.8M, -2.3% YoY; SG&A as % of sales improved to 32.6%.
- Showroom sales up ~70%, internet sales up ~40%; launched Stealthtech sound system.