Lovesac Co (LOVE) Form 8-K — Jun 11, 2026
The Lovesac Company reported a 0.1% decline in Q1 FY27 net sales to $138.2 million, driven by the closure of Best Buy shop-in-shop locations and a 1.0% drop in omni-channel comparable sales, despite opening 14 net new showrooms. Gross margin contracted by 160 basis points to 52.1% due to higher inbound transportation and tariff costs, which outweighed benefits from price increases and cost reduction initiatives. This margin compression contributed to a 24.8% year-over-year decline in Adjusted EBITDA to a loss of $10.5 million and a widening net loss of $11.1 million.
Key figures
- Revenue
- 138.2
- Guidance
- FY27 Net Sales $700M-$740M; Adjusted EBITDA $35M-$46M; Net Income $5M-$12M
- Cash Position
- 57
- Inventory
- 109.3
- Gross Margin
- 52.1
- Operating Loss
- 17.4
- Showroom Count
- 281
- Comparable Sales Change
- -1
Price after filing
Close on the filing date to close N calendar days later (from $16.30). Historical, not a forecast.
AI analysis
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