secwatch.observer — SEC 8-K summary
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Issuer:     Lovesac Co (LOVE)
CIK:        0001701758
Form:       8-K
Filed at:   2024-04-11T23:59:59+00:00
Accession:  0001628280-24-015695
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lovesac Q4 net sales +5% to $250.5M; FY sales $700.3M (+7.5%); net income up 18% in Q4, down 10% for FY
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- Q4 net sales $250.5M (+5.0% YoY); net income $31.0M (+18.1%), diluted EPS $1.87.
- Fiscal 2024 net sales $700.3M (+7.5%); net income $23.9M (-9.9%), diluted EPS $1.45.
- Gross margin expanded 360 bps to 59.7% in Q4; 450 bps to 57.3% for full year.
- Adjusted EBITDA Q4 $48.4M (+3.6%); FY $54.0M (-7.4%). Operating cash flow $76.4M.
- Fiscal 2024 included a 53rd week; comparisons are to 52-week prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1701758/000162828024015695/0001628280-24-015695-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1701758/000162828024015695/love-20240411.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-015695

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