secwatch.observer — SEC 8-K summary
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Issuer:     Lovesac Co (LOVE)
CIK:        0001701758
Form:       8-K
Filed at:   2024-12-12T23:59:59+00:00
Accession:  0001628280-24-050869
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lovesac Q3 net sales $149.9M (-2.7% YoY); net loss widens to $(4.9)M
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- Net sales $149.9M, down 2.7% from $154.0M YoY; gross margin improved 110 bps to 58.5%.
- Diluted EPS $(0.32) vs $(0.15) YoY; net loss increased to $(4.9)M from $(2.3)M.
- Showroom sales fell 7.8% to $91.0M; internet sales rose 12.1% to $44.9M.
- Adjusted EBITDA grew 6.9% to $2.7M; SG&A as % of sales increased 400 bps to 47.9%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1701758/000162828024050869/0001628280-24-050869-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1701758/000162828024050869/love-20241212.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-050869

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer