Lovesac Q3 FY26 net loss widens to $10.6M; adjusted EBITDA swings to -$6.0M

Lovesac Co

2026-Q3 EPS reported -$1.91 revenue$449,069,000

Net sales flat at $150.2M (+0.2% YoY); showroom sales +12.8% to $102.7M, internet -16.9% to $37.3M.
Gross margin fell 240 bps to 56.1% due to promotional mix; gross profit down 3.9% to $84.2M.
Net loss $10.6M ($0.72/share) vs. $4.9M loss last year; adjusted EBITDA loss $6.0M vs. $2.7M gain.
Operating expenses rose 4.9% to $100.0M; SG&A +4.5%, advertising +5.7% as % of sales increased.
CEO cited market share gains and solid Q4-to-date (Black Friday/Cyber Monday); goal of 3M households by 2030.

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