← Back

The Lovesac Company

The Lovesac Company designs, manufactures, and sells furniture. Its products include sactionals (seats and sides), sacs (foam beanbag chairs), and accessories such as drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans. It also offers StealthTech, a home theater system, and PillowSac, an accent chair. The company markets primarily through its website, as well as showrooms, lifestyle centers, mobile concierges, kiosks, and street locations in 45 U.S. states, plus store pop-up-shops, shop-in-shops, and barter inventory transactions. Founded in 1995, it is based in Stamford, Connecticut.

Country
Price · split & dividend adjusted
News & notes moving LOVE
United States
LOVE▼

Canaccord Cuts Lovesac Price Target to $20 After Q2 Results

Canaccord lowered its price target on The Lovesac Company to $20 from $22 on September 10 while keeping its Buy rating, after the company reported second-quarter fiscal 2027 results that landed in line with expectations. Lovesac posted net income of $7.4 million for the quarter, a swing from a net loss of $6.7 million a year earlier, and operating income of $10.9 million versus an operating loss of $8.8 million, though the improvement was largely driven by $21 million in IEEPA tariff refunds. Net sales rose 0.4% year over year on 14 net new showrooms, partly offset by a 1.9% decline in omni-channel comparable net sales and the closure of the company's Best Buy shop-in-shop locations, while gross margin expanded to 68.4% of net sales from 56.4%, a 1,200 basis point gain that included 1,240 basis points from tariff recoveries. The company lowered its full-year sales and adjusted EBITDA outlook, guiding to net sales of $690 million to $710 million and net income of $14.5 million to $18.5 million, citing product launch timing and the promotional environment, with key innovations now expected to contribute more meaningfully in the fourth quarter rather than the third. Analysts remain optimistic, with a consensus Buy rating and a median 12-month price target of $20 as of September 11, implying roughly 43.78% upside, even as short interest stood at 21.93% of the float as of August 31.
LOVE ▼
LOVE · Capital · Negative Canaccord cut its price target to $20 from $22 and Lovesac lowered full-year sales and EBITDA guidance after Q2 results.
Read original ↗
Insider Monkey·19dRead more →
United States
LOVE3

Lovesac Posts Record Q2 Revenue of $161.2 Million as Premium Buyers Offset Entry-Level Pullback

Lovesac reported record second quarter revenue of $161.2 million on September 10, its highest Q2 total ever, though the 0.4% sales increase came almost entirely from showrooms rather than higher-margin online orders. A $20 million tariff refund lifted gross margin by 1,200 basis points to 68.4%, masking an underlying business that actually lost money once that windfall is stripped out. Configurations priced above $6,000 grew by double digits, and showroom net sales climbed 4.6% to $114.1 million, helped by 14 net new locations and a double-digit jump in conversion rates, while the Snugg platform pushed other products revenue up 198.2%. Below the $6,000 line, omni-channel comparable sales fell 1.9%, internet sales dropped 5.3%, Sacs sales fell 8.6%, and the exit of the Best Buy shop-in-shop partnership cut other net sales by 23.2%; adjusted EBITDA was a loss of $1.3 million versus income of $0.8 million a year earlier. Management guided third quarter sales to $140 million to $150 million with an expected net loss of $9 million to $12 million and an adjusted EBITDA loss of $7 million to $10 million, as four major launches and a national delivery rollout are set for the second half.
LOVE BBY ▼
LOVE · Capital · Neutral Record Q2 revenue of $161.2M and a $20M tariff refund lifting gross margin to 68.4%, but the underlying business lost money and Q3 guidance points to a net loss of $9-12M.
LOVE · Demand · Neutral Configurations above $6,000 and showroom sales grew double digits, but sub-$6,000 comps fell 1.9%, internet sales dropped 5.3%, and Sacs sales fell 8.6%.
BBY · Competition · Negative Lovesac's exit from the Best Buy shop-in-shop partnership cut its other net sales by 23.2%, implying lost placement for Best Buy's in-store vendor program.
Read original ↗
Insider Monkey·22dRead more →
LOVE▼

Lovesac Posts Flat Q1 Sales, Projects Full-Year Profitability

The Lovesac Company reported first-quarter fiscal 2027 net sales of $138.2 million, down 0.1% year over year, while projecting full-year net income between $5 million and $12 million. The slight sales decline was attributed to the closure of its Best Buy shop-in-shop locations and a 1% drop in omni-channel comparable net sales. Net loss widened to $11.1 million, or $0.76 per share, from $10.8 million, or $0.73 per share, a year earlier. CEO Shawn David Nelson said a new high-end sectional platform is on track to launch and should drive further market share gains, with delivery services rolling out nationally. For the full year, the company expects net sales of $700 million to $740 million.
LOVE ▼BBY ▼
LOVE · Capital · Negative Q1 sales flat, net loss widened, but full-year profitability projected; mixed financial results.
BBY · Demand · Negative Lovesac's sales decline attributed to closure of Best Buy shop-in-shop locations, indicating reduced demand through that channel.
Read original ↗
Insider Monkey·107dRead more →
© 2026 MarketDXAsset