earnings
confidence high
sentiment positive
materiality 0.70
Lovesac Q1 sales surge 56% YoY to $129.4M; EPS $0.12 vs $0.13 prior year
Lovesac Co
2023-Q1 EPS reported
$0.12
revenue$129,380,000
- Net sales $129.4M, +56% YoY; comparable sales +42.2%.
- Net income $1.9M (down from $2.1M); diluted EPS $0.12 vs $0.13.
- Adjusted EBITDA $6.4M, +19.5% YoY; gross margin 51.1%, down 450 bps.
- CEO reiterates FY2023 annual framework; 17th consecutive quarter of ≥25% net sales growth.