Business
The Lovesac Company Reports Fourth Quarter and Fiscal 2026 Financial Results
Q4 FY26 Net Sales Increased 2.7% to $248.0 million vs. Q4 FY25 FY26 Net Sales Increased 2.4% to $697.1 million vs. FY25Announces New $40 million Share
About this update from The Lovesac Company
[{"type":"text","content":"Q4 FY26 Net Sales Increased 2.7% to $248.0 million vs. Q4 FY25 FY26 Net Sales Increased 2.4% to $697.1 million vs. FY25Announces New $40 million Share Repurchase Authorization STAMFORD, Conn., March 26, 2026 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) (“Lovesac” or the “Company”), the Designed for Life home and technology brand best known for its Sactionals, The World's Most Adaptable Couch, today announced financial results for the fourth quarter and full year fiscal 2026, which ended February 1, 2026. Shawn Nelson, Chief Executive Officer, stated, “Fiscal 2026 was a pivotal year for Lovesac. We made substantial progress on our evolution from a product-driven company into a multi-platform, multi-room, lifestyle brand. A brand that we believe can be the most loved home brand in America in short order, and one day, the most loved brand in America full stop. First, we reinforced our already strong position in the living room by launching a new seating platform called Snugg, reengineering and then announcing the on-shoring of our Sactionals platform, and developing a new high-end sectional-sofa platform that we plan to bring to market later this year. Second, we set the stage for a calendar 2027 launch of a full suite of Designed For Life products for an entirely new room in the house. Third, we successfully began the evolution of our marketing strategies and digital capabilities to effectively support these grand ambitions.” Mr. Nelson continued, “Despite a challenging macro environment in fiscal 2026 marked by tariff pressures, economic uncertainty, and intense promotional activity across our category, we adapted effectively and drove meaningful progress on our strategic goals. We also achieved market share gains, full year profitability, positive free cash flow, and a record year-end cash balance with no debt. Lovesac enters fiscal 2027 from a position of strength, highlighted by a clear strategic roadmap and a world-class team focused on generating profitable growth and tremendous long-term value creation for all stakeholders.” Key Measures for the Fourth Quarter and Fiscal 2026 Ended February 1, 2026:(Dollars in millions, except per share amounts. Dollar and percentage changes may not recalculate due to rounding.) Thirteen weeks endedFifty-two weeks ended February 1, 2026February 2, 2025% Inc (Dec)February 1, 2026Fe...