The Lovesac Company Reports First Quarter Fiscal 2027 Financial Results
Lovesac reported flat Q1 FY27 revenue of $138.2 million, down 0.1% year-over-year, driven by the closure of Best Buy shop-in-shops and a 1.0% decline in comparable sales. Gross margin contracted 160 basis points to 52.1% due to higher inbound transportation and tariff costs, which outweighed benefits from price increases and cost reduction initiatives.
Key figures
- Revenue
- 138200000
- Guidance
- FY27 Net Sales $700M-$740M; Adjusted EBITDA $35M-$46M; Net Income $5M-$12M; Diluted EPS $0.34-$0.81
- Revenue Yoy
- -0.1%
- Net loss
- 11100000
- Inventory
- 109300000
- Gross margin
- 52.1%
- Gross profit
- 72000000
- Operating loss
- 17400000
- Showroom count
- 281
- Cash and equivalents
- 57000000
- Comparable sales growth
- -1.0%
AI analysis
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