earnings
confidence high
sentiment neutral
materiality 0.60
Lovesac Q2 net income $7.4M, EPS $0.51; sales flat at $161.2M
Lovesac Co
- Q2 net sales $161.2M, up 0.4% YoY; showroom sales +4.6%, internet -5.3%.
- Net income $7.4M ($0.51 diluted EPS) vs net loss of $6.7M ($0.45 loss) prior year.
- Gross margin 68.4% (up 1,200 bps) aided by $21.0M IEEPA tariff refunds; adjusted EBITDA -$1.3M vs +$0.8M.
- Company has no debt and strong cash; record product launches on track for H2 FY27.
- Management cautious on H2 outlook, citing dynamic environment; guidance range maintained.