---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-009338"
form_type: "8-K"
ticker: "LOVE"
cik: "0001701758"
company_name: "Lovesac Co"
filed_at: "2023-03-28T23:59:59+00:00"
generated_at: "2026-06-17T12:57:38.361107+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lovesac Q4 net sales up 21.7% to $238.8M; adjusted EBITDA +51% to $48.3M

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-009338
- form_type: 8-K
- ticker: LOVE
- cik: 0001701758
- company_name: Lovesac Co
- filed_at: 2023-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1701758/000162828023009338/0001628280-23-009338-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1701758/000162828023009338/love-20230328.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-009338
- JSON: https://secwatch.observer/filing/0001628280-23-009338.json
- Plain text: https://secwatch.observer/filing/0001628280-23-009338.txt

## Key facts
- Earnings Releases
  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
  source text: 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%)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1701758/000162828023009338/0001628280-23-009338-index.htm
- Earnings Releases
  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
  source text: 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%)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1701758/000162828023009338/0001628280-23-009338-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.