Lovesac Q1 net loss widens to $13.0M; sales down 6.1% to $132.6M

Lovesac Co

2025-Q1 EPS reported -$0.83 revenue$132,643,000

Net loss of $13.0M vs $4.1M loss YoY; diluted EPS loss $0.83 vs $0.27.
Total net sales $132.6M, down 6.1% YoY; showroom sales -2.3%, internet -9.0%.
Gross margin improved 430 bps to 54.3%; SG&A rose to 51.6% of sales from 40.0%.
Adjusted EBITDA loss $10.3M vs $2.1M loss a year ago.
Company reaffirms full-year fiscal 2025 outlook; CEO cites inline performance.

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