The Lovesac Company · NASDAQ:LOVE
The Lovesac — Q1 2027 Earnings Presentation
11 slides from The Lovesac's earnings presentation, Jun 11, 2026
Slide 1: The Lovesac Company Reports First Quarter Fiscal 2027 Financial Results
June 11, 2026 The Lovesac Company Reports First Quarter Fiscal 2027 Financial Results Q1 Net Sales of $138.2M Advances Strategic Growth Initiatives with Record Product Launches Ahead; Refines FY27 Outlook STAMFORD, Conn., June 11, 2026 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) (“Lovesac
Slide 2: Key measures and quarter highlights
Gross margin 52.1% 53.7% (160) bps Total operating expenses $89.3 $89.3 —% SG&A $68.6 $67.1 2.2% SG&A as a % of Net Sales 49.6% 48.5% 110 bps Advertising and marketing $16.6 $18.6 (10.7%) Advertising & marketing as a % of Net Sales 12.0% 13.4% (140) bps Net loss $(11.1) $(10.8) (2.3%) Basic net loss
Slide 3: Highlights, balance sheet items and outlook
Advertising and marketing expense decreased $2.0 million, or 10.7% in the first quarter of fiscal 2027 compared to the prior year period, primarily due to the strategic timing of marketing investments and continued emphasis on efficiency. Operating loss was $17.4 million in the first quarter of fisc
Slide 4: Fiscal 2027 and Q2 outlook; conference call information
Net sales in the range of $157 million to $166 million. Adjusted EBITDA1 in the range of a loss of $4 million to income of $2 million. Net loss in the range of $3 million to 7 million. Basic loss per common share in the range of $0.20 to $0.48 on approximately 14.7 million estimated basic weighted a
Slide 5: Non-GAAP information
expense, write-offs of property and equipment, deferred rent, financing expenses and certain other charges and gains that we do not believe reflect our underlying business performance. We have reconciled this non-GAAP financial measure with the most directly comparable GAAP financial measure within
Slide 6: Forward-looking statements
looking statements as a result of many factors. Among the key factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements include: business disruptions or other consequences of economic instability, recession, political instability,
Slide 7: Condensed Balance Sheets
InvestorRelations@lovesac.com THE LOVESAC COMPANY CONDENSED BALANCE SHEETS (unaudited) May 3, February 1, (amounts in thousands, except share and per share amounts) 2026 2026 Assets Current Assets Cash and cash equivalents $ 56,998 $ 101,853 Trade accounts receivable, net 13,158 11,733 Merchandise i
Slide 8: Condensed Statements of Operations
Common Stock $0.00001 par value, 40,000,000 shares authorized, 14,638,550 shares issued and outstanding as of May 3, 2026 and 14,617,238 shares issued and outstanding as of February 1, 2026. — — Additional paid-in capital 195,123 194,843 Accumulated earnings 10,411 23,864 Stockholders' Equity 205,53
Slide 9: Condensed Statement of Cash Flows
THE LOVESAC COMPANY CONDENSED STATEMENT OF CASH FLOWS (unaudited) Thirteen weeks ended May 3, May 4, (amounts in thousands) 2026 2025 Cash Flows from Operating Activities Net loss $ (11,093) $ (10,840) Adjustments to reconcile net loss to cash used in operating activities: Depreciation and amortizat
Slide 10: Reconciliation of Non-GAAP Financial Measures
Supplemental Cash Flow Data: Cash paid for taxes $ 20 $ — Cash paid for interest $ 30 $ 40 Non-cash investing and financing activities: Asset acquisitions not yet paid for at period end $ 1,282 $ 519 Leasehold improvements acquired through lease incentive $ — $ 1,824 Excise tax on share repurchases,
Slide 11: Source: The Lovesac Company
Source: The Lovesac Company