Lovesac Co (LOVE) Form 10-Q — Jun 11, 2026
Lovesac Co reported flat revenue of $138.2 million for the first quarter of fiscal 2027, a 0.1% decline year-over-year, driven by the closure of its Best Buy shop-in-shop locations and a 1.0% drop in omni-channel comparable net sales. The company posted a net loss of $11.1 million, or $0.76 per share, compared to a net loss of $10.8 million, or $0.73 per share, in the prior year period. Gross margin contracted by 160 basis points to 52.1%, pressured by higher inbound transportation and tariff costs, though partially offset by product price increases. Lovesac repurchased 141,482 shares for $2.4 million during the quarter.
Key figures
- Revenue
- 138196000
- Total Debt
- 0
- Cash Position
- 56998000
- Shares Outstanding
- 14638418
- Showroom Count
- 281
- Repurchase Cost
- 2360000
- Shares Repurchased
- 141482
- Gross Margin Percent
- 52.1
- Remaining Repurchase Authorization
- 51700000
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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