earnings
confidence high
sentiment neutral
materiality 0.70
Lovesac Q2 net sales $148.5M (+45% YoY), EPS $0.45 (-13.5%), Adj. EBITDA $14.1M
Lovesac Co
2023-Q2 EPS reported
$0.56
revenue$277,914,000
- Net sales $148.5M, up 45.0% YoY; comparable sales increased 31.1%.
- Gross margin 54.5%, down 310 bps from 57.6% in prior year.
- Diluted EPS $0.45 vs $0.52; net income $7.1M vs $8.4M.
- Adjusted EBITDA $14.1M, up 13.6% from $12.4M.
- Operating cash flow negative $37.6M vs positive $10.4M prior year.