The earnings call reflects a positive outlook with successful product launches, market share gains, and improved financial metrics. However, challenges such as declining internet sales, gross margin pressure, and a competitive promotional environment were noted. The company remains optimistic about its growth prospects and innovation pipeline.

Company Guidance

During The Lovesac Company's first quarter fiscal 2026 earnings call, the company reported several key metrics and provided guidance for the year. Total net sales for the first quarter were $138.4 million, representing a year-over-year increase of 4.3%, with showroom net sales increasing by 18.2%. The company also noted a 2.8% increase in omnichannel comparable net sales. Despite a challenging promotional environment, gross margin was 53.7%. The company highlighted their strategic focus on innovation and growth, with the successful launch of new products such as the EverCouch and the reclining seat. Adjusted EBITDA loss improved to $8.4 million, and the company maintained a healthy balance sheet with $26.9 million in cash and no borrowings on its credit facility. Looking ahead, Lovesac reaffirmed its full-year guidance, estimating net sales of $700 million to $750 million and adjusted EBITDA between $48 million and $60 million, despite anticipating a 5% decline in the overall category. The company emphasized its commitment to leveraging new product platforms and expanding its customer base through strategic marketing and partnerships, particularly with Costco, while concluding its partnership with Best Buy.

Positive Sales Growth and Market Share Gains

Total net sales increased by 4.3% year-over-year to $138.4 million, with showroom net sales increasing by 18.2% and omnichannel comparable net sales up by 2.8%. Despite a 5% category decline, the company gained market share.

Successful Product Launches

The launch of the Recline of Civilization campaign and the new EverCouch product platform were successful, with EverCouch doubling Lovesac's total addressable market. The Recliner and EverCouch received positive feedback and are contributing to sales growth.

Improvement in Financial Metrics

Adjusted EBITDA, net loss, and net loss per common share improved by double-digit percentages year-over-year. The company reported a net loss of $10.8 million compared to $13 million in the prior year.

Strong Balance Sheet and Inventory Management

The company ended the quarter with $26.9 million in cash and no borrowings on its credit facility. Inventory levels and net cash provide flexibility to weather tariff impacts and support growth.

Continued Innovation and Product Development

Lovesac is making progress on additional product platforms planned for launch, with new rooms of the house beginning in fiscal 2027, expanding its addressable market and brand reach.

The Lovesac Company (LOVE) Earnings, Revenues Date & History

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LOVE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 11, 2025	2026 (Q2)	-0.70 / -	-0.38	―	―	―
Jun 12, 2025	2026 (Q1)	-0.79 / -0.73	-0.83	12.05% (+0.10)	―
Apr 10, 2025	2025 (Q4)	1.87 / 2.13	1.87	13.90% (+0.26)	―
Dec 12, 2024	2025 (Q3)	-0.35 / -0.32	-0.15	-113.33% (-0.17)	―
Sep 12, 2024	2025 (Q2)	-0.44 / -0.38	-0.04	-850.00% (-0.34)	―
Jun 13, 2024	2025 (Q1)	-0.96 / -0.83	-0.28	-196.43% (-0.55)	―
Apr 11, 2024	2024 (Q4)	1.93 / 1.87	1.74	7.47% (+0.13)	―
Dec 06, 2023	2024 (Q3)	- / -0.10	-0.55	80.91% (+0.45)	―
Nov 03, 2023	2024 (Q2)	-0.27 / -0.15	-0.55	72.73% (+0.40)	―
Jun 07, 2023	2024 (Q1)	-0.41 / -0.28	0.12	-333.33% (-0.40)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LOVE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 12, 2025	$20.50	$16.82	-17.95%
Apr 10, 2025	$15.93	$18.49	+16.07%
Dec 12, 2024	$37.68	$25.74	-31.69%
Sep 12, 2024	$21.02	$25.50	+21.31%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.