---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-027965"
form_type: "8-K"
ticker: "LOVE"
cik: "0001701758"
company_name: "Lovesac Co"
filed_at: "2024-06-13T23:59:59+00:00"
generated_at: "2026-06-01T04:38:16.370724+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-027965
- form_type: 8-K
- ticker: LOVE
- cik: 0001701758
- company_name: Lovesac Co
- filed_at: 2024-06-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1701758/000162828024027965/0001628280-24-027965-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1701758/000162828024027965/love-20240613.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-027965
- JSON: https://secwatch.observer/filing/0001628280-24-027965.json
- Plain text: https://secwatch.observer/filing/0001628280-24-027965.txt

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