8-K
filed March 28, 2023, 7:59 PM ET
ticker LOVE
CIK 0001701758
earnings
confidence high
sentiment neutral
materiality 0.75
Lovesac Q4 net sales up 21.7% to $238.8M; adjusted EBITDA +51% to $48.3M
Lovesac Co
2023-FY EPS reported
$1.77
revenue$651,545,000
- Q4 net sales $238.8M (+21.7% YoY); FY net sales $651.5M (+30.8% YoY).
- Q4 net income $27.6M (down 15.3%) vs $32.6M; FY net income $28.2M (down 38.5%).
- Q4 adjusted EBITDA $48.3M (+51.0%); FY adjusted EBITDA $60.4M (+8.7%).
- Q4 diluted EPS $1.74 vs $2.03; comparable sales +16.2% in Q4 and +21.9% for FY.
- Operating cash flow FY negative $21.4M vs positive $34.0M prior year.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Lovesac Co reported Thirteen weeks ended January 29, 2023 results: revenue $238.8, net income $27.6, EPS $1.74.
- Period
- Thirteen weeks ended January 29, 2023
- Revenue
- $238.8
- Net income
- $27.6
- EPS
- $1.74
- Result
- reported results
Exact text from the filing
Net Sales $238.8 $196.2 21.7% $651.5 $498.2 30.8% Gross Profit $135.2 $109.6 23.4% $345.8 $273.3 26.5% Gross Margin 56.6 % 55.9 % 70 bps 53.1 % 54.9 % (180) bps Total Operating Expense $97.1 $85.4 13.7% $306.8 $234.9 30.6% SG&A $68.7 $57.8 18.9% $216.1 $162.0 33.4% SG&A as a % of Net Sales 28.8 % 29.4 % (60) bps 33.2 % 32.5 % 70 bps Advertising & Marketing $25.8 $25.5 1.2% $79.9 $65.1 22.7% Advertising & Marketing as a % of Net Sales 10.8 % 13.0 % (220) bps 12.3 % 13.1 % (80) bps Basic EPS Income $1.82 $2.15 (15.3%) $1.86 $3.04 (38.8%) Diluted EPS Income $1.74 $2.03 (14.3%) $1.77 $2.86 (38.1%) Net Income $27.6 $32.6 (15.3%) $28.2 $45.9 (38.5%)
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Lovesac Co reported Fifty-two weeks ended January 29, 2023 results: revenue $651.5, net income $28.2, EPS $1.77.
- Period
- Fifty-two weeks ended January 29, 2023
- Revenue
- $651.5
- Net income
- $28.2
- EPS
- $1.77
- Result
- reported results
Exact text from the filing
Net Sales $238.8 $196.2 21.7% $651.5 $498.2 30.8% Gross Profit $135.2 $109.6 23.4% $345.8 $273.3 26.5% Gross Margin 56.6 % 55.9 % 70 bps 53.1 % 54.9 % (180) bps Total Operating Expense $97.1 $85.4 13.7% $306.8 $234.9 30.6% SG&A $68.7 $57.8 18.9% $216.1 $162.0 33.4% SG&A as a % of Net Sales 28.8 % 29.4 % (60) bps 33.2 % 32.5 % 70 bps Advertising & Marketing $25.8 $25.5 1.2% $79.9 $65.1 22.7% Advertising & Marketing as a % of Net Sales 10.8 % 13.0 % (220) bps 12.3 % 13.1 % (80) bps Basic EPS Income $1.82 $2.15 (15.3%) $1.86 $3.04 (38.8%) Diluted EPS Income $1.74 $2.03 (14.3%) $1.77 $2.86 (38.1%) Net Income $27.6 $32.6 (15.3%) $28.2 $45.9 (38.5%)
View on SEC.gov
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