Lovesac Q1 Sales Flat, Net Loss Widens Amid Declining Comparable Sales
LOVE sits 62% above its 52-week low of $10.33.
Summary
Lovesac reported Q1 FY27 net sales of $138.2 million, essentially flat year-over-year, with a wider net loss of $(11.1) million and diluted EPS of $(0.76). Omni-channel comparable net sales declined by 1.0%, and gross margin fell 160 basis points to 52.1% due to increased transportation and tariff costs. These results follow the company's earlier FY27 sales guidance of $700-$750 million, suggesting a challenging start to the fiscal year despite planned new product introductions.
At the time of this announcement, LOVE was trading at $16.70 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $243.6M. The 52-week trading range was $10.33 to $21.15. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.