Highest-materiality recent filing
Lovesac appoints Andrew Farag as CFO; Keith Siegner resigns effective June 15, 2026
Andrew Farag appointed EVP, CFO, Treasurer effective June 15, 2026; succeeds Keith Siegner.
Lovesac Q1 net loss $11.1M, sales flat at $138.2M; refines FY27 outlook
Net sales $138.2M, down 0.1% YoY; gross margin 52.1% vs 53.7% (down 160 bps).
Lovesac shareholders elect 8 directors, approve say-on-pay and auditor at 2026 annual meeting
All eight director nominees elected; votes ranged from 6,937,893 to 9,314,084 for, with minimal withhold.
Lovesac Q4 net sales up 2.7% to $248M; net income down 9.1%; announces $40M buyback
Q4 net sales $248.0M (+2.7% YoY); full year $697.1M (+2.4%).
Lovesac expands share repurchase authority by $40M to ~$54M
Board authorized additional $40M share repurchase, expanding total authorization to approx. $54.1M.
Lovesac Q3 FY26 net loss widens to $10.6M; adjusted EBITDA swings to -$6.0M
Net sales flat at $150.2M (+0.2% YoY); showroom sales +12.8% to $102.7M, internet -16.9% to $37.3M.
Lovesac appoints Wan Ling Martello to Board of Directors effective Nov 20, 2025
Martello receives RSU grant of $125K vesting over 2 years, plus $75K annual cash retainer.
Lovesac Q2 FY26 net sales $160.5M (+2.5% YoY); net loss widens to $6.7M, EPS -$0.45
Gross margin 56.4%, down 260 bps YoY; gross profit $90.6M (-1.9%).
Lovesac appoints Alan Boehme to board; tech transformation expert
Alan Boehme appointed to Lovesac's Board of Directors effective August 27, 2025.
Lovesac reaches derivative settlement; will adopt governance reforms for 4 years
Lovesac to implement corporate governance reforms for at least 4 years per settlement agreement.
Lovesac Q1 FY2026 net sales up 4.3% to $138.4M; net loss narrows to $10.8M
Net sales rose 4.3% to $138.4M; showroom revenue +18.2% to $96.5M, internet -8.9%.
Lovesac say-on-pay proposal fails at 2025 annual meeting; all director nominees elected
Advisory vote on executive compensation: 3,850,001 for, 4,189,081 against, 5,592 abstain; proposal not approved.
Board director John Grafer resigns from Lovesac, effective June 10, 2025
John Grafer notified the Board of his resignation effective June 10, 2025, at the annual meeting.
Lovesac Q4 net income up 14% YoY to $35.3M; FY net sales down 2.8% to $680.6M
Q4 net sales $241.5M (-3.6% vs. prior year's 14-week Q4); gross margin 60.4% (+70 bps).
Lovesac director Jack A. Krause resigns from board, effective June 10, 2025
Jack A. Krause notified the Board of his resignation on April 3, 2025.
Lovesac targets FY26 net sales growth 7-12%, EPS growth at least 100%
Multi-year algorithm: normalized net sales growth +10-15%, gross margin 59-60%, adjusted EBITDA margin expansion 50-100 bps annually.
Lovesac holds Investor Day on Dec 17, 2024; strategic deck available online
Investor Day held in New York and webcast on Dec 17, 2024.
Lovesac announces Investor Day on Dec 17, 2024, in NYC with senior leadership presentations
Investor Day scheduled for Tuesday, December 17, 2024 at 10 a.m. ET in New York City.
Lovesac Q3 net sales $149.9M (-2.7% YoY); net loss widens to $(4.9)M
Net sales $149.9M, down 2.7% from $154.0M YoY; gross margin improved 110 bps to 58.5%.
Lovesac Q2 FY25 net loss widens to $5.9M; revenue up 1.3% to $156.6M
Net loss of $5.9M vs $0.6M loss last year; diluted EPS -$0.38 vs -$0.04.
Lovesac extends credit facility to 2029, authorizes $40M share repurchase
Ninth Amendment extends revolving credit facility maturity from Sept 30, 2024 to July 29, 2029.
Lovesac shareholders approve 1.1M share increase in equity plan, elect directors
Elected all 8 director nominees; Andrew Heyer received 4,628,570 votes for, 4,896,151 withhold.
Lovesac Q1 net loss widens to $13.0M; sales down 6.1% to $132.6M
Net loss of $13.0M vs $4.1M loss YoY; diluted EPS loss $0.83 vs $0.27.
Q4 net sales $250.5M (+5.0% YoY); net income $31.0M (+18.1%), diluted EPS $1.87.
Lovesac Q3 net sales up 14.3% to $154M; net loss narrows 68.2%
Net sales $154.0M vs $134.8M a year ago, growth of 14.3% on top of 15.5% prior-year growth.
Lovesac amends bylaws with universal proxy rules, forum selection, and enhanced disclosure
Enhanced procedural mechanics and disclosure for stockholder nominations and proposals.
Lovesac reports Q2 net loss of $0.6M despite 4% sales growth; gross margin expands to 59.8%
Net sales $154.5M (+4.0% YoY); omni-channel comparable sales +7.2%.
Lovesac sees Q3 net sales $150-152M, up 11-13% YoY; Q2 call Nov 3
Preliminary Q3 FY2024 net sales $150-152M, up 11-13% from Q3 FY2023.
Lovesac receives Nasdaq non-compliance notice for delayed 10-Q filing due to restatement
Nasdaq notice on Sept 18, 2023 for failure to timely file Q2 FY2024 10-Q.
Lovesac reports preliminary Q2 net sales ~$154M, net loss $0.5-1.5M; restatements ongoing
Preliminary Q2 FY2024 net sales ~$154M, gross margin ~59%, net loss $0.5-1.5M, exceeding prior guidance.
Lovesac restates FY2023 & Q1 FY2024; operating income overstated by up to $3M
Audit Committee investigation found $2.2M journal entry capitalizing shipping expenses that related to prior year.
Lovesac Q1 net loss $4.2M vs prior-year profit; sales up 9.1%, comp sales 15.1%
Net sales of $141.2M (+9.1% YoY); comparable sales growth of 15.1%.
Lovesac names Keith Siegner new CFO as Donna Dellomo retires; CSO Jack Krause also retires
Donna Dellomo retires as EVP and CFO effective June 30, 2023, will serve as Senior Strategic Advisor for up to 12 months at $50k monthly retainer.
Lovesac shareholders approve 225K-share boost to equity incentive plan
Stockholders approved amendment to 2017 Equity Incentive Plan, increasing authorized shares by 225,000 to 2,879,889.
Lovesac Q4 net sales up 21.7% to $238.8M; adjusted EBITDA +51% to $48.3M
Q4 net sales $238.8M (+21.7% YoY); FY net sales $651.5M (+30.8% YoY).
Lovesac Q3 net loss $8.4M vs $2.8M profit YoY; sales up 15.5% but margins shrink
Net loss of $8.4M vs prior-year net income $2.8M; diluted EPS loss $0.55 vs $0.17 income.
Lovesac Q2 net sales $148.5M (+45% YoY), EPS $0.45 (-13.5%), Adj. EBITDA $14.1M
Net sales $148.5M, up 45.0% YoY; comparable sales increased 31.1%.
Lovesac replaces auditor Marcum with Deloitte; discloses material weakness in IT controls
Marcum LLP dismissed as independent auditor on July 21, 2022; Deloitte & Touche LLP appointed for FY 2023.
Lovesac appoints Vineet Mehra to Board; receives 1,880 RSUs and $50k annual retainer
Vineet Mehra appointed to Lovesac's Board effective July 1, 2022.
Lovesac Q1 sales surge 56% YoY to $129.4M; EPS $0.12 vs $0.13 prior year
Net sales $129.4M, +56% YoY; comparable sales +42.2%.
All seven director nominees elected, including CEO Shawn Nelson and CFO Walter McLallen.
Lovesac Q4 net sales $196.2M, +51%; FY net income triples to $45.9M
Q4 net sales $196.2M (+51.3% YoY); diluted EPS $2.03 vs $1.37.
Lovesac Q3 FY2022: Net sales +56% to $116.7M, comps +47%, net income +11% to $2.8M
Net sales $116.7M, +56.1% YoY; comparable sales +47.1% on top of +53.5% last year.
Lovesac appoints Mary Fox as President & COO, Jack Krause as Chief Strategy Officer
Mary Fox, formerly a Board director, becomes President & COO effective Nov 15, 2021; she resigns from the Board.
Lovesac Q2 net sales up 65% to $102.4M; net income $8.4M vs $1.1M loss
Net sales $102.4M (+65.4% YoY); comparable sales +39.5%.
On June 10, 2026, the Board of Directors (the “Board”) of The Lovesac Company (the “Company”) appointed Mr. Andrew Farag to serve as principal accounting officer, Executive Vice President, Chief Financial Officer and Treasurer of the Company, effective June 15, 2026.
On June 12, 2026, the “Company and Mr. Keith Siegner, the Company’s Executive Vice President, Chief Financial Officer and Treasurer, agreed that Mr. Siegner will resign from his positions effective June 15, 2026 and transition to a non-executive role ending effective June 22, 2026 (the “Separation Date”).
On May 22, 2025, Mr. John Grafer notified the Board of Directors (the “Board”) of The Lovesac Company (the “Company”) of his decision to resign from the Board and all committees thereof, effective June 10, 2025 at the Company’s annual meeting, and not to stand for re-election at the annual meeting.
Mr. Jack A. Krause notified the Board of Directors (the “Board”) of The Lovesac Company (the “Company”) of his intent to resign from the Board, effective at the conclusion of the Company’s annual meeting of stockholders on June 10, 2025.
On June 1, 2023, the Board of Directors (the “Board”) of the Company appointed Mr. Keith Siegner to serve as Executive Vice President and Chief Financial Officer of the Company, effective June 30, 2023.
On June 1, 2023, Ms. Donna Dellomo, the Chief Financial Officer, principal accounting officer, Secretary and Treasurer of The Lovesac Company (the “Company”) informed the Company that she will resign from her role effective June 30, 2023.
The Company also announced the appointment of Mr. Jack A. Krause, 58, to the position of Chief Strategy Officer of the Company and as a member of the Board of Directors, in each case, effective November 15, 2021. Previously, Mr. Krause served as the Company’s President and Chief Operating Officer since 2015.
The Company also announced the appointment of Mr. Jack A. Krause, 58, to the position of Chief Strategy Officer of the Company and as a member of the Board of Directors, in each case, effective November 15, 2021.
On November 11, 2021, The Lovesac Company (the “Company”) announced the appointment of Ms. Mary Fox, 49, to the position of President and Chief Operating Officer of the Company, effective November 15, 2021.
In connection with her appointment, on November 9, 2021, Ms. Fox notified the Board of her decision to resign from the Board of Directors (the “Board”), effective November 15, 2021.
Max materiality 0.85 · Median 0.65 · Most common event earnings