Reported Earnings • 4h
First quarter 2027 earnings: EPS and revenues exceed analyst expectations First quarter 2027 results: US$0.76 loss per share (further deteriorated from US$0.73 loss in 1Q 2026). Revenue: US$138.2m (flat on 1Q 2026). Net loss: US$11.1m (loss widened 2.3% from 1Q 2026). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Durables industry in the US. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. 공시 • 9h
The Lovesac Company Provides Earnings Guidance for the Second Quarter and Full Fiscal Year 2027 The Lovesac Company provided earnings guidance for the second quarter and full fiscal year 2027. For the quarter, the company expects Net sales in the range of $157 million to $166 million, Net loss in the range of $3 million to 7 million and Basic loss per common share in the range of $0.20 to $0.48 on approximately 14.7 million estimated basic weighted average shares outstanding.
For the year, the company expects Net sales in the range of $700 million to $740 million, Net income in the range of $5 million to $12 million and Diluted income per common share in the range of $0.34 to $0.81 on approximately 14.8 million estimated diluted weighted average shares outstanding. The Company provides guidance of select information related to the Company’s financial and operating performance, and such measures may differ from year to year. The projections are as of this date and the Company assumes no obligation to update or supplement this information. The Company’s outlook continues to reflect the latest backdrop for tariffs for the remainder of the year, and are not speculating as to incremental changes that might arise. The Company’s outlook has been updated to reflect approximately $3.6 million of refunds collected related to IEEPA tariffs, including a small amount of interest, which is currently expected to be recognized in the second quarter. 공시 • May 28
The Lovesac Company to Report Q1, 2027 Results on Jun 11, 2026 The Lovesac Company announced that they will report Q1, 2027 results Pre-Market on Jun 11, 2026 공시 • Apr 24
The Lovesac Company, Annual General Meeting, Jun 09, 2026 The Lovesac Company, Annual General Meeting, Jun 09, 2026. 공시 • Mar 28
The Lovesac Company Provides Earnings Guidance for the First Quarter and Full Fiscal Year 2027 The Lovesac Company provided earnings guidance for the first quarter and full fiscal year 2027. For the quarter, the company expects Net sales in the range of $133 million to $139 million, Net loss in the range of $14 million to $18 million and Basic loss per common share in the range of $0.95 to $1.22 on approximately 14.7 million estimated weighted average shares outstanding.
For the year, the company expects Net sales in the range of $700 million to $750 million, Net income in the range of $5 million to $14 million and Diluted income per common share in the range of $0.34 to $0.95 on approximately 14.7 million estimated diluted weighted average shares outstanding. 공시 • Mar 12
The Lovesac Company to Report Q4, 2026 Results on Mar 26, 2026 The Lovesac Company announced that they will report Q4, 2026 results at 9:30 AM, US Eastern Standard Time on Mar 26, 2026 공시 • Dec 13
The Lovesac Company Provides Earnings Guidance for the Fourth Quarter and Full Fiscal Year 2026 The Lovesac Company provided earnings guidance for the fourth quarter and full fiscal year 2026. For the quarter, the company expects net sales in the range of $236 million to $256 million, net income in the range of $30 million to $36 million, diluted income per common share in the range of $1.88 to $2.22 on approximately 16.2 million estimated diluted weighted average shares outstanding.
For the full year, the company expects net sales in the range of $685 million to $705 million, net income in the range of $2 million to $8 million, diluted income per common share in the range of $0.15 to $0.49 on approximately 16.2 million estimated diluted weighted average shares outstanding. 공시 • Nov 26
The Lovesac Company to Report Q3, 2026 Results on Dec 11, 2025 The Lovesac Company announced that they will report Q3, 2026 results at 9:30 AM, US Eastern Standard Time on Dec 11, 2025 공시 • Nov 21
The Lovesac Company Appoints Wan Ling Martello to Its Board of Directors, Effective November 20, 2025 The Lovesac Company announced that Wan Ling Martello has been appointed to the Board of Directors, effective November 20, 2025. Ms. Martello has spent most of her career leading executive teams and organizations in the consumer products and retail industries, and has significant expertise in B2C technology-enabled business models and digital transformation. Since February 2020, Ms. Martello has served as a Founding Partner of BayPine, a Boston-based private equity firm. Prior to her current role she has held senior leadership roles at Nestlé, Walmart, NCH Marketing Services (a former subsidiary of Nielsen), Borden Foods and Kraft Foods. Among her career highlights, Ms. Martello served as Nestlé’s global CFO, where she revitalized the global finance organization, established a new data-driven resource allocation and portfolio management framework for the entire company, and led numerous M&A transactions. She was then appointed as CEO of Nestlé’s Asia, Oceania and Sub-Saharan Africa (AOA) business and re-focused the entire business on driving growth and using digital transformation initiatives to drive greater consumer engagement. Prior to Nestlé, Wan Ling was a senior executive at Walmart Stores Inc., a global retailer and her roles included executive vice president and chief operating officer for Global eCommerce, and senior vice president, chief financial officer and strategy for Walmart International. Ms. Martello is currently on the board of the Alibaba Group. 공시 • Oct 23
The Lovesac Company Appoints Jacob Pat as Chief Technology and Digital Transformation - Officer, Effective October 22, 2025 The Lovesac Company announced the appointment of Jacob Pat as Chief Technology and Digital Transformation Officer effective immediately. Mr. Pat will spearhead Lovesacs enterprise technology and digital transformation agenda as part of the Company's Executive Leadership Team, and report to Mary Fox, President. Mr. Pat is a seasoned business and technology executive with more than 25 years of experience across retail, consumer products, and technology. Most recently, he served as Vice President of Product at Salesforce following its acquisition of PredictSpring, where he led global product for Retail Cloud. Previously, as Chief Technology Officer at DECIEM, he spearheaded the digital transformation that helped enable the companys rapid expansion and eventual sale to Este Lauder. Mr. Pat also served as the Chief Information Officer at Champion Petfoods where he modernized global technology operations and digital platforms. Earlier in his career, at Canada Goose, he built the global IT organization from the ground up, scaling it into a global team supporting hyper growth, international expansion, and IPO readiness while also designing and launching the companys direct-to-consumer eCommerce business, which became a major revenue driver. 공시 • Oct 22
Lovesac Expands Its PillowSac Chair Line with the New PillowSac Chair Jr. - Big Comfort, Now for Every Space The Lovesac Company announced the launch of the PillowSac Chair Jr., a space-friendly addition to its viral PillowSac Chair collection. When Lovesac first introduced the original PillowSac Chair, it redefined what modern lounging could look and feel like -- merging the sink-in softness of a Sac with the functional form of an accent chair. After countless requests for one that fits more spaces, Lovesac answered. PillowSac Chair Jr. delivers the same exceptional cloud-like comfort, premium materials, and design versatility -- now thoughtfully scaled for smaller settings, from living rooms and apartments to bedrooms and reading nooks. Like its full-size counterpart, the PillowSac Chair Jr. is fully customizable: 3 Frame Colorways: Blonde, Brown, and Black; A variety of washable, changeable Covers; 2 Strap Colors Options: Tan and Black; 3 Hardware Finishes: Gunmetal, Brass, Nickel; Simple, tool-free assembly. 공시 • Sep 12
The Lovesac Company Provides Earnings Guidance for the Third Quarter and for Full Fiscal Year 2026 The Lovesac Company provided earnings guidance for the third quarter and for full fiscal year 2026. For the quarter, the company expects Net sales in the range of $151 million to $161 million. Net loss in the range of $8 million to $12 million. Basic loss per common share in the range of $0.51 to $0.83 on approximately 14.7 million estimated weighted average shares outstanding.
For the full year, the company expects Net sales in the range of $710 million to $740 million, Net income in the range of $8 million to $17 million and Diluted income per common share in the range of $0.52 to $1.05 on approximately 16.3 million estimated diluted weighted average shares outstanding. 공시 • Aug 29
The Lovesac Company to Report Q2, 2026 Results on Sep 11, 2025 The Lovesac Company announced that they will report Q2, 2026 results Pre-Market on Sep 11, 2025 공시 • Aug 28
The Lovesac Company Appoints Alan Boehme to Its Board of Directors, Effective August 27, 2025 The Lovesac Company announced that Alan Boehme has been appointed to the Board of Directors, effective August 27, 2025. Mr. Boehme is a seasoned global technology and business leader with over three decades of experience in consumer goods, retail, and manufacturing. He has served as CIO, CTO, and innovation chief for some of the world’s most recognized brands, including H&M Group, Procter & Gamble, and The Coca-Cola Company, where he led large-scale technology transformations, delivered significant cost efficiencies, and pioneered consumer engagement through advanced technologies. Mr. Boehme currently serves as Founder & President of Technology Transformation Group Inc., advising public and private companies, private equity firms, and high-growth startups on enterprise technology strategy, operational efficiency, and innovation commercialization. As a founding board member of the Cloud Security Alliance and a strategic advisor to multiple high-profile technology companies, Mr. Boehme brings deep expertise in AI, cybersecurity, retail technology, and digital transformation. 공시 • Jun 19
Lovesac Expands PillowSac Chair Line with New Frame Finishes to Mark First Anniversary The Lovesac Company is celebrating the one-year anniversary of its viral hit: the PillowSac Chair. After quickly selling out upon its original launch, the beloved Chair is back with two new wood frame finishes: Brown and Black. These stylish additions bring even more design flexibility to the iconic silhouette, offering versatility and customization options that complement any space or aesthetic. The new colorways join the original Blonde Frame, expanding the frame offerings to three sophisticated options that can be paired with 150+ machine-washable PillowSac Covers. In addition to the Cover, customers can customize the finer details on the Chair like the hardware finish and straps. Beyond style, comfort remains at the heart of the PillowSac Chair. Its cloud-like, flexible design allows users to transform their existing PillowSac into a fully supportive chair to enjoy The World's Most Com comfortable Seat in a more structured way. The new PillowSac Chair Frame finishes are available starting at $675 and the complete PillowSac Chair is available starting at $1,350, both online at Lovesac.com and at Lovesac Showrooms nationwide. 공시 • Jun 14
United States District Court for the District of Connecticut Issues an Order Granting Preliminary Approval of the Proposed Settlement On June 3, 2025, the United States District Court for the District of Connecticut (the “District Court”) issued an order granting preliminary approval of the proposed settlement of the consolidated derivative actions captioned In re the Lovesac Company Derivative Action, Case No. 3:24-cv-01260-VAB (D. Conn.), on the terms set out in the Stipulation of Settlement dated May 19, 2025 (“Stipulation of Settlement” and, with its exhibits, the “Settlement Agreement”). On June 6, 2025, the District Court amended the order granting preliminary approval to adjust certain dates in the prior June 3 order. 공시 • Jun 12
The Lovesac Company Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2026 The Lovesac Company provided earnings guidance for the second quarter and full year of fiscal 2026. For the second quarter of fiscal 2026, Net sales in the range of $157 million to $166 million. Net loss in the range of $8 million to $12 million. Basic loss per common share in the range of $0.58 to $0.83 on approximately 14.6 million estimated weighted average shares outstanding. 공시 • May 30
The Lovesac Company to Report Q1, 2026 Results on Jun 12, 2025 The Lovesac Company announced that they will report Q1, 2026 results Pre-Market on Jun 12, 2025 공시 • Mar 28
The Lovesac Company to Report Q4, 2025 Results on Apr 10, 2025 The Lovesac Company announced that they will report Q4, 2025 results Pre-Market on Apr 10, 2025 공시 • Dec 18
the Lovesac Company Provides Earnings Guidance for Fiscal Year 2026 The Lovesac Company provided earnings guidance for fiscal year 2026. For the year, the company preliminary expects Annual Net Sales Growth of +7% to +12%. Annual EPS Growth of at least 100%. 공시 • Dec 13
The Lovesac Company Provides Earnings Guidance for the Fourth Quarter of Fiscal 2025 and for the Full Year of Fiscal 2025 The Lovesac Company provided earnings guidance for the fourth quarter of fiscal 2025 and for the full year of fiscal 2025. For the fourth quarter of fiscal 2025, the company expects Net sales in the range of $221 million to $241 million, Net income in the range of $28 million to $36 million and Diluted income per common share in the range of $1.67 to $2.14 on approximately 16.8 million estimated diluted weighted average shares outstanding.
For the full year of fiscal 2025, the company expects Net sales in the range of $660 million to $680 million, Net income in the range of $4.5 million to $12.5 million and Diluted income per common share in the range of $0.27 to $0.74 on approximately 16.9 million estimated diluted weighted average shares outstanding. 공시 • Dec 06
The Lovesac Company to Report Q3, 2025 Results on Dec 12, 2024 The Lovesac Company announced that they will report Q3, 2025 results Pre-Market on Dec 12, 2024 공시 • Nov 26
The Lovesac Company Announces the Launch of the StealthTech Charge Side The Lovesac Company announced the launch of the StealthTech Charge Side, bringing wireless device charging to its Sactionals Sides. Utilizing the invisible wireless charging capabilities of StealthTech Sound + Charge, the latest Lovesac innovation allows customers to stay connected without leaving the comfort of their couch. Throughout this year's truncated holiday shopping season, Lovesac invites customers to recharge, literally andatively, with free device charging in all 300+ locations starting on November 25, 2024 through end of year. Featuring invisible wireless charging, embedded in a Sactionals Side, StealthTech Charge Side offers the ultimate convenience, letting power devices without the clutter of power cords. With the ability to add up to three charging stations in a single Side, you'll always have plenty of power at fingertips. Like all StealthTech product line innovations, the Charge Side is designed with upgradable technology, allowing customers to easily stay up to date with the latest advancements. Charge Side seamlessly integrates into existing and new Sactionals configurations and is designed to be compatible with future innovations that enhance the comfort and convenience Lovesac is known for. StealthTech Charge Side is the fourth major innovation to launch from Lovesac this year, closely following the Reclining Seat, the AnyTable, and the style renowned PillowSac Accent Chair – all building out new product categories or further innovating existing platforms for the brand. Understanding a shorter holiday shopping window will have many customers spending longer hours at the mall scrambling to find the perfect gift, Lovesac is offering complimentary device charging to keep phone fueled in all 300+ locations, just in time for Black Friday and Cyber Monday deals on fan favorite Sactionals and accessories. All 300+ Lovesac locations will be open to consumers for free charging during business hours starting on November 25, 2024. For more information on StealthTech Charge Side, now available for purchase starting at $575. 공시 • Sep 17
The Lovesac Company Introduces AnyTable, the First Fully Customizable Table Solution Designed to Transform Living Space The Lovesac Company announced the arrival of AnyTableTM – The Most Versatile Table that seamlessly enhances ANY Sactionals living space. The perfect blend of style, convenience and functionality, AnyTable brings the Sactionals experience to new heights. The AnyTable provides the Lovesac Sactionals customer with a completely new way to enhance and customize their space for their unique lifestyle. With three stylish finishes, including Dark Brown, Weathered Grey and Blonde, AnyTable can integrate into any Sactionals setup to perfectly complement your design aesthetic. The Lovesac AnyTable brings the adaptability of Sactionals to a table. Completely customizable, it can easily fit into the couch as an in-line table, an end table or be used on its own as a coffee table. Customers can utilize their AnyTable in ways that make sense for their needs – as a storage solution for blankets, toys and electronics or as a secure tabletop for casual dinners in the living room. The possibilities are endless. Featuring style, functionality, hidden storage and a reverse-compatible design, the goal with AnyTable is to make life a bit easier. Key Features: Seamless integration with Sactionals, Customizable storage solutions, Adaptable to meet your changing needs, Combine AnyTables to suit your setup. 3 wood finish options. Lovesac's innovation continues this fall with the unveiling of the brand new StealthTech Charge Side technology. Taking the invisible wireless charging capabilities offered through the StealthTech Sound + Charge System and creating individually sold Sactionals Sides, StealthTech Charge Side is a smart solution inspired by Lovesac customer feedback, perfect for those who want to add multiple charging stations to their configuration or add a single Charge Side to a Sactionals setup without requiring a more robust StealthTech Sound + Charge upgrade. 공시 • Sep 12
The Lovesac Company Provides Earnings Guidance for the Third Quarter and the Full Year of Fiscal 2025 The Lovesac Company provided earnings guidance for the third quarter of fiscal 2025 and reaffirmed earnings guidance for the full year of fiscal 2025. For the third quarter of fiscal 2025, the company expects Net sales in the range of $152 million to $160 million, Net loss in the range of $4 million to $8 million and Basic loss per common share in the range of $0.28 to $0.50.
For the full year of fiscal 2025, the company expects Net sales in the range of $700 million to $735 million, Net income in the range of $17 million to $21 million and Diluted income per common share in the range of $1.01 to $1.26. 공시 • Sep 07
The Lovesac Company to Report Q2, 2025 Results on Sep 12, 2024 The Lovesac Company announced that they will report Q2, 2025 results Pre-Market on Sep 12, 2024 공시 • Aug 02
The Lovesac Company (NasdaqGM:LOVE) announces an Equity Buyback for $40 million worth of its shares. The Lovesac Company (NasdaqGM:LOVE) announces a share repurchase program. Under the program, the company will repurchase up to $40 million worth of its ordinary shares. 공시 • Jul 10
Anson Funds Engages in Discussions with The Lovesac Company On July 9, 2024, Anson Funds Management LP announced that it has had and anticipate having further discussions with officers and directors of The Lovesac Company in connection with the Anson Funds’ investment in the Company. The topics of these conversations have covered and will cover a range of issues, including those relating to the business of the Issuer, management, board composition, investor communications, operations, capital allocation, dividend policy, financial condition, mergers and acquisitions strategy and strategic plans, overall business strategy, executive compensation, and corporate governance matters related to the Issuer’s business and stakeholders. 공시 • Jun 08
The Lovesac Company to Report Q1, 2025 Results on Jun 13, 2024 The Lovesac Company announced that they will report Q1, 2025 results at 9:30 AM, US Eastern Standard Time on Jun 13, 2024 공시 • May 23
Lovesac Announces New Pillowsac Accent Chair Combining Cloud-Like Comfort and Sophisticated Style The Lovesac Company unveiled a new product to expand and elevate their Sac platform. Featuring a solid-wood Frame made of Blonde Oak, the PillowSac Accent Chair offers a new, upright, and supportive way to enjoy the World's Most Comfortable Seat. With a tool-less and simple assembly, the Accent Chair brings a fresh, sophisticated seating experience to the living room. In addition to selecting from 150+ machine-washable, changeable Covers, customers will be able to customize their Accent Chair in the form of hardware finishes and strap options. Hardware is available in brushed brass, gunmetal grey, or brushed nickel, and straps in black or tan webbing. Existing PillowSac owners can seamlessly integrate the Blonde Oak Frame for added functionality, allowing them to experience their Sac in a whole new way. In alignment with the brand's Designed For Life philosophy, the introduction of the PillowSac Accent Chair is yet another innovation that will empower customers to customize their comfort without compromising style. Both durable and stylish, the Accent Chair can evolve as customer preferences do – a unique, defining feature of all Lovesac products. Beginning now, the Chair Frame is available to purchase online and in Lovesac showrooms, starting at $675. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$25.73, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 12x in the Consumer Durables industry in the US. Total loss to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$19.80 per share. Buy Or Sell Opportunity • May 07
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at US$23.98. The fair value is estimated to be US$19.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Major Estimate Revision • May 03
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$1.55 to US$1.28 per share. Revenue forecast steady at US$717.9m. Net income forecast to shrink 9.3% next year vs 7.1% growth forecast for Consumer Durables industry in the US . Consensus price target down from US$36.00 to US$31.83. Share price rose 7.1% to US$23.38 over the past week. 공시 • Apr 28
The Lovesac Company, Annual General Meeting, Jun 11, 2024 The Lovesac Company, Annual General Meeting, Jun 11, 2024, at 10:00 US Eastern Standard Time. Agenda: To elect eight (8) directors to the Board of Directors to serve until the 2025 Annual Meeting of Stockholders and until their successors are duly elected and qualified; to provide advisory approval of the Company's fiscal 2024 compensation for its named executive officers; to approve Amendment No. 2 of the Second Amended and Restated 2017 Equity Incentive Plan that increases the number of shares reserved for issuance thereunder by 1,100,000 shares; to ratify the appointment of Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending February 2, 2025; and to conduct any and all other business that may properly come before the 2024 Annual Meeting or any continuation, postponement, or adjournment thereof. Recent Insider Transactions • Apr 22
Chairman of the Board recently bought US$434k worth of stock On the 17th of April, Andrew Heyer bought around 22k shares on-market at roughly US$19.72 per share. This transaction amounted to 6.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Andrew has been a buyer over the last 12 months, purchasing a net total of US$752k worth in shares. Recent Insider Transactions Derivative • Apr 19
President & COO exercised options and sold US$70k worth of stock On the 15th of April, Mary Fox exercised options to acquire 4k shares at no cost and sold these for an average price of US$18.80 per share. This trade did not impact their existing holding. Since December 2023, Mary has owned 15.04k shares directly. Company insiders have collectively sold US$893k more than they bought, via options and on-market transactions in the last 12 months. 공시 • Apr 13
The Lovesac Company Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2025 The Lovesac Company provided earnings guidance for the First quarter and full year of fiscal 2025. For the First quarter, the company expects net sales of $126 million to $132 million. Net loss in the range of $13 million to $16 million.Basic loss per common share in the range of $0.84 to $1.03 on approximately 15.5 million estimated weighted average shares outstanding. For the full year of fiscal 2025, the company expects net sales of $700 million to $770 million, Net income in the range of $18 million to $27 million. Diluted income per common share in the range of $1.06 to $1.59 on approximately 17.0 million estimated diluted weighted average shares outstanding. Reported Earnings • Apr 11
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full year 2024 results: EPS: US$1.55 (down from US$1.86 in FY 2023). Revenue: US$700.3m (up 7.5% from FY 2023). Net income: US$23.9m (down 16% from FY 2023). Profit margin: 3.4% (down from 4.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. 공시 • Mar 22
The Lovesac Company to Report Q4, 2024 Results on Apr 11, 2024 The Lovesac Company announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Apr 11, 2024 Recent Insider Transactions • Mar 20
Founder recently sold US$135k worth of stock On the 15th of March, Shawn Nelson sold around 6k shares on-market at roughly US$22.44 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Shawn has been a net seller over the last 12 months, reducing personal holdings by US$979k. Recent Insider Transactions Derivative • Mar 18
Founder notifies of intention to sell stock Shawn Nelson intends to sell 6k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of March. If the sale is conducted around the recent share price of US$22.44, it would amount to US$135k. For the year to February 2018, Shawn's total compensation was 14% salary and 86% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Shawn's direct individual holding has decreased from 250.61k shares to 238.06k. Company insiders have collectively sold US$1.1m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Jan 01
Chairman of the Board recently bought US$237k worth of stock On the 27th of December, Andrew Heyer bought around 9k shares on-market at roughly US$26.00 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Andrew has been a buyer over the last 12 months, purchasing a net total of US$1.2m worth in shares. 공시 • Dec 20
Pomerantz Law Firm Announces the Filing of A Class Action Against The Lovesac Company Pomerantz LLP announced that a class action lawsuit has been filed against The Lovesac Company (Lovesac). The class action, filed in the United States District Court for the District of Connecticut, and docketed under 23-cv-01640, is n on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Lovesac between March 30, 2023 and August 16, 2023, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10 (b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials. Throughout the Class Period, Defendants made materially false and misleading statements regarding the company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Lovesac did not properly account for last mile shipping and freight expenses; (ii) accordingly, Lovesac's disclosure controls and procedures and internal control over financial reporting were ineffective and deficient; (iii) as a result of all the foregoing, Lovesac overstated its gross profit and operating and net income, as well as understated its shipping and handling costs and accrued freight and shipping expenses, in its previously issued financial statements; (iv) accordingly, Lovesac was likely to restate one or more of its previously issued financial statements; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times. Recent Insider Transactions • Dec 17
Founder recently sold US$469k worth of stock On the 13th of December, Shawn Nelson sold around 19k shares on-market at roughly US$24.70 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Shawn has been a net seller over the last 12 months, reducing personal holdings by US$845k. Recent Insider Transactions Derivative • Dec 15
Founder notifies of intention to sell stock Shawn Nelson intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 13th of December. If the sale is conducted around the recent share price of US$25.40, it would amount to US$254k. For the year to January 2017, Shawn's total compensation was 14% salary and 86% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2022, Shawn's direct individual holding has increased from 214.47k shares to 260.77k. Company insiders have collectively bought US$215k more than they sold, via options and on-market transactions, in the last 12 months. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to US$25.57, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Consumer Durables industry in the US. Total loss to shareholders of 35% over the past three years. Price Target Changed • Dec 08
Price target decreased by 24% to US$41.40 Down from US$54.20, the current price target is an average from 5 analysts. New target price is 66% above last closing price of US$24.88. Stock is up 31% over the past year. The company is forecast to post earnings per share of US$1.44 for next year compared to US$1.86 last year. Reported Earnings • Dec 08
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: US$0.15 loss per share (improved from US$0.48 loss in 3Q 2023). Revenue: US$154.0m (up 14% from 3Q 2023). Net loss: US$2.34m (loss narrowed 68% from 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 50%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Consumer Durables industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. 공시 • Dec 06
The Lovesac Company Provides Earnings Guidance for the Fourth Quarter and Full Year of Fiscal 2024 The Lovesac Company provided earnings guidance for the fourth quarter and full year of fiscal 2024. For the quarter, the company expects net sales in the range of $260.0 million to $270.0 million, net income in the range of $29.0 million to $33.0 million and diluted income per common share in the range of $1.77 to $2.02 on approximately 16.6 million estimated diluted weighted average shares outstanding.For the full year of fiscal 2024, the company expects net sales in the range of $710.0 million to $720.0 million, net income in the range of $22.0 million to $26.0 million and diluted income per common share in the range of $1.35 to $1.60 on approximately 16.5 million estimated diluted weighted average shares outstanding. 공시 • Nov 30
The Lovesac Company to Report Q3, 2024 Results on Dec 06, 2023 The Lovesac Company announced that they will report Q3, 2024 results on Dec 06, 2023 공시 • Nov 10
The Lovesac Company Debuts New Holiday-Inspired Northern Nights Sac Collection The Lovesac Company has unveiled a new limited-edition collection just in time for the holiday season. The Lovesac story began 25 years ago when Founder and CEO Shawn Nelson hand-crafted the original eight-foot-wide foam-filled "Lovesac" in his childhood Utah home. Since then, the brand's Sacs category has continued to innovate and evolve to focus on the ultimate in comfort and style. The Northern Nights Sac Collection consists of three holiday-inspired fabrics that showcase timeless and stylish faux furs, striking the perfect balance between cloud-like comfort and arctic elegance. Featuring the most dense and luxurious faux fur options to date, the limited-time collection offers Cover options in Snow Leopard Phur, Black Bear Phur and Grizzly Phur. This exclusive luxe assortment is perfect for those looking to make their living room comfy and cozy this holiday season. The Snow Leopard Phur promotes a short to medium pile fabric with shades of white, tan, and grey with subtle stripes and spots. For those looking for premium warmth, the Black Bear Phur features long piles made to resemble a winter coat, offering the ultimate comfort as the temperatures outside drop. The last fabric in the collection, the Grizzly Phur, showcases shades of dark brown and black with a medium to long pile, creating an unmatched comfort experience for cozy winter nights. The Northern Nights Collection fabrics are offered in all Sac sizes, Squattomans, and Footsacs. Current Lovesac Sacs owners can easily swap in a new look, with changeable and washable Cover fabrics. To celebrate the season of giving, the Northern Nights Sac Collection and bundle offerings will be offered at 30% off through the holiday season while supplies last. Additionally, Lovesac has launched a variety of promotions to consumers this holiday season, including early Black Friday deals and offerings, perfect for someone looking to give the gift of Total Comfort(TM). Starting now through November 26, the brand has launched a 30% off promotion on all Sactionals,althTech, Sacs, and Accessories. 공시 • Nov 04
The Lovesac Company Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal 2024 The Lovesac Company provides earnings guidance for the third quarter and full year of fiscal 2024. For the quarter, company expects Net sales of approximately $154.0 million, Net loss in the range of $5.2 million to $3.2 million and Diluted loss per common share in the range of $0.20 to $0.33 on approximately 15.5 million estimated weighted average shares outstanding.For the year, company Net sales in the range of $710.0 million to $730.0 million, Net income in the range of $20.0 million to $29.0 million and Diluted income per common share in the range of $1.21 to $1.75 on approximately 16.5 million estimated diluted weighted average shares outstanding. 공시 • Sep 24
The Lovesac Company Announces Notification from Nasdaq Related to Delayed Form 10-Q Filing The Lovesac Company announced that it received a notice (the ‘Notice’) from the Listing Qualifications Staff of the Nasdaq Stock Market (‘Nasdaq’) on September 18, 2023 stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended July 30, 2023 (the ‘Quarterly Report’) with the Securities and Exchange Commission. On September 8, 2023, the Company filed a Notification of Late Filing on Form 12b-25 indicating that the filing of the Quarterly Report would be delayed due to additional time being needed to prepare a restatement to the Company’s financial statements for the fiscal year ended January 29, 2023 and the thirteen weeks ended April 30, 2023 (the ‘Restatements’). The Restatements are more fully described in the Company’s Current Report on Form 8-K filed on August 16, 2023. Under the Nasdaq Listing Rules, the Company has 60 calendar days (until November 17, 2023) to submit a plan to regain compliance. If Nasdaq accepts the Company’s plan, Nasdaq can grant an exception of up to 180 calendar days of the Quarterly Report’s original due date, which 180-day period would end on March 6, 2024, to regain compliance. If Nasdaq does not accept the Company’s plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel. The Company is working diligently to finalize and file the Restatements and the Quarterly Report as soon as possible within the timeline prescribed by Nasdaq. The Notice has no immediate impact on the listing of the Company’s securities, which will continue to trade on Nasdaq, subject to the Company’s compliance with other continued listing requirements of Nasdaq. 공시 • Sep 10
The Lovesac Company announced delayed 10-Q filing On 09/08/2023, The Lovesac Company announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$23.72, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Consumer Durables industry in the US. Total loss to shareholders of 18% over the past three years. 공시 • Jul 25
The Lovesac Company Appoints Carly Kawaja as Chief People Officer The Lovesac Company announced that Carly Kawaja has been named Chief People Officer, effective July 17, 2023. She will report to President and Chief Operating Officer, Mary Fox. In this role, Ms. Kawaja will be responsible for leading the vision, strategy and operations of Lovesac’s talent management including associate experience, rewards, talent acquisition, development, diversity, inclusion and belonging. Prior to Lovesac, Ms. Kawaja led the Human Resource organization at Athleta from 2019 to 2023 and was instrumental in developing the company’s talent strategy and building a high performing culture to support its growing business. Prior to Athleta, from 2006 to 2019, Ms. Kawaja held a variety of human resource leadership positions at consumer companies including Stitch Fix and Old Navy. Carly is a graduate of Duke University, where she majored in History as well as Markets and Management. 공시 • Jun 09
The Lovesac Company Provides Earnings Guidance for the Second Quarter, Fourth Quarter and Full Year of Fiscal 2024 The Lovesac Company provided earnings guidance for the second quarter, fourth quarter and full year of fiscal 2024. For the second quarter, the company expects net sales of $149 million to $151 million being driven by the planned opening of approximately 7 showroom and a total comparable sales increase in the 3% to 5% range and loss per share is expected to be $0.12 to $0.16 with 15.2 million weighted average shares outstanding.For the fourth quarter, the company expected to contribute approximately $6 million in net sales and $0.02 in EPS.For the full year, the company expects net sales of $700 million to $740 million and earnings per share in the range of $1.83 to $2.24 with a share count of 16.4 million weighted average diluted shares. Recent Insider Transactions Derivative • Jun 09
Executive VP exercised options and sold US$57k worth of stock On the 5th of June, Donna Dellomo exercised options to acquire 3k shares at no cost and sold these for an average price of US$22.86 per share. This trade did not impact their existing holding. Since March 2023, Donna's direct individual holding has increased from 105.21k shares to 117.73k. Company insiders have collectively bought US$260k more than they sold, via options and on-market transactions, in the last 12 months. 공시 • Jun 08
The Lovesac Company Announces Executive Changes On June 1, 2023, Ms. Donna Dellomo, principal accounting officer, Secretary and Treasurer of The Lovesac Company informed the Company that she will resign from her role effective June 30, 2023 (“Separation Date”). Prior to the Separation Date, the Company intends to enter into a Release Agreement with Ms. Dellomo pursuant to which, in exchange for Ms. Dellomo’s execution and non-revocation of a general release of claims, Ms. Dellomo will be eligible to receive the following payments and benefits: (i) a pro-rata cash bonus with respect to the fiscal year ending February 4, 2024 subject to the Company’s achievement of the performance targets applicable to such bonus; (ii) subsidized COBRA benefits for a period of up to twelve (12) months from the Separation Date; (iii) extension of the period Ms. Dellomo has to exercise vested Company stock options from ninety (90) days following the end of the proposed Senior Strategic Advisory Agreement (as described below) until the expiration date of the stock option; and (d) following the Separation Date, a limited engagement as an independent contractor to provide services to the Company as a strategic advisor pursuant to the terms of a Senior Strategic Advisor Agreement. On June 1, 2023, the Board of Directors (the “Board”) of the Company appointed Mr. Keith Siegner to serve as Executive Vice President of the Company, effective June 30, 2023. Mr. Siegner, 48, joins the Company from Vindex, LLC, a privately owned company that was sold to Savvy Games Group in February 2023 and leading global esports technology and infrastructure company, where he served as Chief Financial Officer from April 2021 to April 2023. From July 2016 to April 2021, Mr. Siegner served as Vice President, Investor Relations, Mergers & Acquisitions, and Treasurer at Yum! Brands, which included leading the capital markets, global cash management, and risk finance teams, and corporate strategy for several years during his tenure. Before YUM, Mr. Siegner was a senior banking executive in equity research serving as Executive Director at UBS Securities, LLC from October 2013 to July 2016, and Director at Credit Suisse Securities USA, LLC from February 2001 to October 2013. He began his career at Arthur Andersen LLP in the International Tax Consulting Division. 
