The Lovesac Company · NASDAQ:LOVE
The Lovesac — Q2 2027 Earnings Presentation
12 slides from The Lovesac's earnings presentation, Sep 10, 2026
Slide 1: The Lovesac Company Reports Second Quarter Fiscal 2027 Financial Results
September 10, 2026 The Lovesac Company Reports Second Quarter Fiscal 2027 Financial Results Q2 Net Sales Increased to $161.2M Record Product Launches On Track for Second Half FY27 STAMFORD, Conn., Sept. 10, 2026 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) (“Lovesac” or the “Company”), the
Slide 2: Key measures and comparable sales
Advertising and marketing $22.8 $23.5 (2.9%) $39.4 $42.1 (6.4%) Advertising & marketing as a % of Net Sales 14.1% 14.6% (50) bps 13.2% 14.1% (90) bps Net income (loss) $7.4 $(6.7) 211.7% $(3.7) $(17.5) 79.1% Basic net income (loss) per common share $0.51 $(0.45) 213.3% $(0.25) $(1.19) 79.0% Diluted
Slide 3: Quarter highlights: gross margin, SG&A and net income
of net sales in the thirteen weeks ended August 2, 2026 from 56.4% of net sales in the prior year period. Gross margin increased primarily due to recoveries of IEEPA tariffs, which contributed 1,240 basis points, and a 250 basis point improvement in product margin driven primarily by price increases
Slide 4: Year-to-date highlights
260 basis points in inbound transportation and tariff costs and 120 basis points in outbound transportation and warehousing costs. Excluding IEEPA tariff recoveries, gross margin in the twenty-six weeks ended August 2, 2026 was 54.2%, representing a 100 basis point reduction in gross margin compared
Slide 5: Outlook for fiscal 2027 and third quarter
The Company’s outlook continues to reflect the latest backdrop for tariffs for the remainder of the year, without speculating as to incremental changes that might arise. The Company’s outlook for Net Income and Earnings per Share has been updated to reflect approximately $21.0 million of refunds col
Slide 6: About Lovesac and Non-GAAP Information
a robust portfolio of utility and design patents. Products are marketed and sold primarily online directly at www.lovesac.com, supported by a physical retail presence in the form of Lovesac branded showrooms, as well as through shop-in-shops and pop-up-shops with third party retailers. LOVESAC, DESI
Slide 7: Forward-looking statements
statements can be identified by words such as “may,” “continue(s),” “believe,” “anticipate,” “on track,” “could,” “should,” “intend,” “plan,” “will,” “aim(s),” “can,” “would,” “expect(s),” “expectation(s),” “estimate(s),” “project(s),” “projections,” “forecast(s)”, “positioned,” “approximately,” “po
Slide 8: Risk factors and Investor Relations Contact
ability to compete and succeed in a highly competitive and evolving industry, as well as those risks and uncertainties disclosed under the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Form 10-K and in
Slide 9: Condensed balance sheet and statements of operations
Operating lease liabilities, long-term 166,376 168,400 Income tax payable, long-term 464 464 Line of credit — — Total Liabilities 329,007 315,975 Commitments and Contingencies Stockholders’ Equity Preferred Stock $0.00001 par value, 10,000,000 shares authorized, no shares issued or outstanding as of
Slide 10: Net income per share and cash flow statement
Net income (loss) per common share: Basic $ 0.51 $ (0.45) $ (0.25) $ (1.19) Diluted $ 0.51 $ (0.45) $ (0.25) $ (1.19) Weighted average shares outstanding: Basic 14,652,167 14,623,823 14,660,096 14,707,952 Diluted 14,652,167 14,623,823 14,660,096 14,707,952 THE LOVESAC COMPANY CONDENSED STATEMENT OF
Slide 11: Cash flow and reconciliation of non-GAAP measures
Net cash used in investing activities (12,204) (13,196) Cash Flows from Financing Activities Taxes paid for net share settlement of equity awards (2,177) (1,123) Repurchases of common stock (7,239) (6,000) Payment of deferred financing costs — (12) Net cash used in financing activities (9,416) (7,13
Slide 12: Non-GAAP reconciliation footnotes
(a) Represents expenses, such as compensation expense and employer taxes related to RSU equity vesting and exercises associated with stock options and restricted stock units granted to our associates and board of directors. Employer taxes are included as part of selling, general and administrative e