---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-040827"
form_type: "8-K"
ticker: "LOVE"
cik: "0001701758"
company_name: "Lovesac Co"
filed_at: "2023-12-06T23:59:59+00:00"
generated_at: "2026-06-07T17:13:51.152125+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lovesac Q3 net sales up 14.3% to $154M; net loss narrows 68.2%

## Summary
- Net sales $154.0M vs $134.8M a year ago, growth of 14.3% on top of 15.5% prior-year growth.
- Gross margin expanded 920 bps to 57.4% from 48.2%, driven by cost improvement and pricing.
- Net loss improved 68.2% to $(2.3M) from $(7.4M); diluted EPS $(0.15) vs $(0.48).
- Adjusted EBITDA turned positive at $2.5M versus $(6.9M) in Q3 last year.
- Operating cash flow used $7.2M vs $(5.5M) used; year-to-date operating cash flow $20.1M.

## SEC filing metadata
- accession: 0001628280-23-040827
- form_type: 8-K
- ticker: LOVE
- cik: 0001701758
- company_name: Lovesac Co
- filed_at: 2023-12-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1701758/000162828023040827/0001628280-23-040827-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1701758/000162828023040827/love-20231206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-040827
- JSON: https://secwatch.observer/filing/0001628280-23-040827.json
- Plain text: https://secwatch.observer/filing/0001628280-23-040827.txt

## Key facts
- Earnings Releases
  Lovesac Co reported third quarter of fiscal 2024, which ended October 29, 2023 results: revenue $154.0, net income $(2.3), EPS $(0.15) per diluted share.
  - Period: third quarter of fiscal 2024, which ended October 29, 2023
  - Revenue: $154.0
  - Net income: $(2.3)
  - EPS: $(0.15) per diluted share
  - Result: reported results
  source text: recalculate due to rounding.) Thirteen weeks ended Thirty-nine weeks ended October 29, 2023 October 30, 2022 % Inc (Dec) October 29, 2023 October 30, 2022 % Inc (Dec) Net sales $154.0 $134.8 14.3% $449.8 $412.7 9.0% Gross profit $88.4 $64.9 36.3% $251.4 $210.0 19.7% Gross margin 57.4 % 48.2 % 920 bps 55.9 % 50.9 % 500 bps Total operating expenses $92.1 $75.0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1701758/000162828023040827/0001628280-23-040827-index.htm

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