earnings
confidence high
sentiment positive
materiality 0.75
Lovesac Q4 net sales $196.2M, +51%; FY net income triples to $45.9M
Lovesac Co
2022-FY EPS reported
$2.86
revenue$498,239,000
- Q4 net sales $196.2M (+51.3% YoY); diluted EPS $2.03 vs $1.37.
- Record FY2022 net sales $498.2M (+55.3%); net income $45.9M (up from $14.7M).
- Comparable sales grew 50.0% in Q4 and 46.9% for FY2022.
- Adjusted EBITDA for FY2022 $55.5M, up 96.1% from $28.3M.
- Gross margin Q4 55.9% (down 200bps), FY 54.9% (up 40bps).