Lovesac Q1 FY2026 net sales up 4.3% to $138.4M; net loss narrows to $10.8M

Lovesac Co

2026-Q1 EPS reported -$0.73 vs consensus $2.05 ▼ miss (-135.6%)

Net sales rose 4.3% to $138.4M; showroom revenue +18.2% to $96.5M, internet -8.9%.
Net loss improved to $10.8M from $13.0M; diluted EPS -$0.73 vs -$0.83.
Gross margin 53.7% vs 54.3%, down 60 bps; SG&A as % of sales improved 310 bps to 48.5%.
Adjusted EBITDA -$8.4M vs -$10.3M; net cash used in operations worsened to -$41.4M from -$7.0M.
Launched EverCouch platform for armchair, loveseat, sofa category, effectively doubling addressable market.

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