---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-031159"
form_type: "8-K"
ticker: "LOVE"
cik: "0001701758"
company_name: "Lovesac Co"
filed_at: "2023-08-31T23:59:59+00:00"
generated_at: "2026-06-11T01:19:04.607444+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lovesac reports preliminary Q2 net sales ~$154M, net loss $0.5-1.5M; restatements ongoing

## Summary
- Preliminary Q2 FY2024 net sales ~$154M, gross margin ~59%, net loss $0.5-1.5M, exceeding prior guidance.
- Restating FY2023 and Q1 FY2024 financials due to errors in last mile freight expense accounting.
- Delay in filing Q2 FY2024 10-Q; working expeditiously to file amended 10-K and 10-Q.
- No scheduled date for final Q2 FY2024 earnings release or conference call yet.

## SEC filing metadata
- accession: 0001628280-23-031159
- form_type: 8-K
- ticker: LOVE
- cik: 0001701758
- company_name: Lovesac Co
- filed_at: 2023-08-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1701758/000162828023031159/0001628280-23-031159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1701758/000162828023031159/love-20230831.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-031159
- JSON: https://secwatch.observer/filing/0001628280-23-031159.json
- Plain text: https://secwatch.observer/filing/0001628280-23-031159.txt

## Key facts
- Earnings Releases
  Lovesac Co reported second quarter fiscal 2024 ended July 30, 2023 results: revenue $154 million, net income $0.5 million to $1.5 million.
  - Period: second quarter fiscal 2024 ended July 30, 2023
  - Revenue: $154 million
  - Net income: $0.5 million to $1.5 million
  - Result: preliminary results
  source text: fiscal 2024 ended July 30, 2023, which exceed the guidance ranges provided with first quarter fiscal 2024 results on June 7, 2023: • Net sales are expected to be approximately $154 million • Gross margin is expected to be approximately 59% • Net loss is expected to be in the range of $0.5 million to $1.5 million The select preliminary second quarter fiscal 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1701758/000162828023031159/0001628280-23-031159-index.htm

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