{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-036549","form_type":"8-K","ticker":"LOVE","cik":"0001701758","company_name":"Lovesac Co","filed_at":"2023-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.100305+00:00","generated_at":"2026-06-08T22:33:14.033170+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Lovesac reports Q2 net loss of $0.6M despite 4% sales growth; gross margin expands to 59.8%","bullets":["Net sales $154.5M (+4.0% YoY); omni-channel comparable sales +7.2%.","Net loss $(0.6)M vs net income $5.8M prior year; diluted EPS $(0.04).","Gross margin 59.8% up 650 bps; adjusted EBITDA $5.3M down 57.1% YoY.","SG&A rose 30.8% to $63.8M; advertising spend up 39% to $26.5M.","CEO expects challenged consumer spending; plans cost controls and new product investments."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-036549","json":"https://secwatch.observer/filing/0001628280-23-036549.json","markdown":"https://secwatch.observer/filing/0001628280-23-036549.md","text":"https://secwatch.observer/filing/0001628280-23-036549.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1701758/000162828023036549/0001628280-23-036549-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1701758/000162828023036549/love-20231103.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T22:33:14.033170+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"92648364057c07c3ca3ccb658f59c45440ac199b","claim":"Lovesac Co reported second quarter of fiscal 2024, which ended July 30, 2023 results: revenue $154.5, net income $(0.6), EPS $(0.04) per diluted share.","evidence_excerpt":"may not recalculate due to rounding.) Thirteen weeks ended Twenty-six weeks ended July 30, 2023 July 31, 2022 % Inc (Dec) July 30, 2023 July 31, 2022 % Inc (Dec) Net sales $154.5 $148.5 4.0% $295.7 $277.9 6.4% Gross profit $92.4 $79.1 16.8% $163.0 $145.1 12.3% Gross margin 59.8 % 53.3 % 650 bps 55.1 % 52.2 % 290 bps Total operating expenses $93.4 $71.0","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1701758/000162828023036549/0001628280-23-036549-index.htm","confidence":0.92,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of fiscal 2024, which ended July 30, 2023"},{"label":"Revenue","value":"$154.5"},{"label":"Net income","value":"$(0.6)"},{"label":"EPS","value":"$(0.04) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}