Lovesac Q3 net loss $8.4M vs $2.8M profit YoY; sales up 15.5% but margins shrink

Lovesac Co

2023-Q3 EPS reported $0.04 revenue$412,698,000

Net loss of $8.4M vs prior-year net income $2.8M; diluted EPS loss $0.55 vs $0.17 income.
Net sales $134.8M, +15.5% YoY; comparable sales +8.9%. Gross margin 47.2%, down 300 bps.
SG&A $53.7M, +40.9% YoY, driven by 720 bps increase as % of sales to 39.8%.
Adjusted EBITDA negative $8.4M vs positive $5.8M last year; net cash used in ops $(5.6)M.
CEO cites challenging backdrop, plans tight expense management and prioritization for holiday season.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.