{"id":885417,"date":"2025-09-11T07:17:59","date_gmt":"2025-09-11T11:17:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-lovesac-company-reports-second-quarter-fiscal-2026-financial-results\/"},"modified":"2025-09-11T07:17:59","modified_gmt":"2025-09-11T11:17:59","slug":"the-lovesac-company-reports-second-quarter-fiscal-2026-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-lovesac-company-reports-second-quarter-fiscal-2026-financial-results\/","title":{"rendered":"The Lovesac Company Reports Second Quarter Fiscal 2026 Financial Results"},"content":{"rendered":"

\nQ2 FY26 Net Sales Increased 2.5% to $160.5 Million vs. Q2 FY25
\n<\/h2>\n
\n

STAMFORD, Conn., Sept. 11, 2025 (GLOBE NEWSWIRE) — The Lovesac Company (Nasdaq: LOVE) (\u201cLovesac\u201d or the \u201cCompany\u201d), 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 second quarter of fiscal 2026, which ended August\u00a03, 2025.<\/p>\n

Shawn Nelson, Chief Executive Officer, stated, \u201cWe’re pleased to have delivered another quarter of market share gains underpinned by our secular growth initiatives across Designed for Life product platforms and efficient customer acquisition engines. Our operational discipline continues to drive operating expense leverage even as we maintain an investment stance for innovation and long-term growth. Our financial and operational performance, despite ongoing category headwinds, further bolsters our confidence as we move forward and transition from a product-focused company to a true brand. With this as our focus, we have refined our strategic roadmap and are evolving our brand positioning to support our growth into a multi-faceted home brand with an organized and prioritized product hierarchy and merchandising strategy. Looking ahead, while we balance near-term industry dynamics amidst the evolving tariff landscape with our ongoing secular tailwinds, we remain confident in our objective to deliver meaningful long-term value as we aim to build the most loved home brand in America.\u201d<\/p>\n

\n
\n Key Measures for the Second Quarter of Fiscal 2026 Ending August\u00a03, 2025:<\/u>
\n <\/strong>
\n
(Dollars in millions, except per share amounts. Dollar and percentage changes may not recalculate due to rounding.)<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Thirteen weeks ended<\/strong>\n <\/td>\n\n Twenty-six weeks ended<\/strong>\n <\/td>\n<\/tr>\n
\n August 3,<\/strong>
\n
\n 2025<\/strong>\n <\/td>\n		\n August 4,<\/strong>
\n
\n 2024<\/strong>\n <\/td>\n		\n % Inc (Dec)<\/strong>\n <\/td>\n\n August 3,<\/strong>
\n
\n 2025<\/strong>\n <\/td>\n		\n August 4,<\/strong>
\n
\n 2024<\/strong>\n <\/td>\n		\n % Inc (Dec)<\/strong>\n <\/td>\n<\/tr>\n
Net sales<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Showrooms<\/td>\n$109.1<\/td>\n$98.8<\/td>\n\n 10.4<\/em>
\n %<\/em>\n <\/td>\n		$205.5<\/td>\n$180.4<\/td>\n\n 13.9<\/em>
\n %<\/em>\n <\/td>\n<\/tr>\n
Internet<\/td>\n$42.5<\/td>\n$44.3<\/td>\n\n (4.1<\/em>
\n %)<\/em>\n <\/td>\n		$75.8<\/td>\n$80.9<\/td>\n\n (6.3<\/em>
\n %)<\/em>\n <\/td>\n<\/tr>\n
Other<\/td>\n$9.0<\/td>\n$13.5<\/td>\n\n (33.6<\/em>
\n %)<\/em>\n <\/td>\n		$17.5<\/td>\n$27.9<\/td>\n\n (37.2<\/em>
\n %)<\/em>\n <\/td>\n<\/tr>\n
Total net sales<\/td>\n$160.5<\/td>\n$156.6<\/td>\n\n 2.5<\/em>
\n %<\/em>\n <\/td>\n		$298.9<\/td>\n$289.2<\/td>\n\n 3.3<\/em>
\n %<\/em>\n <\/td>\n<\/tr>\n
Gross profit<\/td>\n$90.6<\/td>\n$92.4<\/td>\n\n (1.9<\/em>
\n %)<\/em>\n <\/td>\n		$165.0<\/td>\n$164.4<\/td>\n\n 0.3<\/em>
\n %<\/em>\n <\/td>\n<\/tr>\n
Gross margin<\/td>\n\n 56.4<\/em>
\n %<\/em>\n <\/td>\n		\n 59.0<\/em>
\n %<\/em>\n <\/td>\n		\n (260) bps<\/em>\n <\/td>\n\n 55.2<\/em>
\n %<\/em>\n <\/td>\n		\n 56.8<\/em>
\n %<\/em>\n <\/td>\n		\n (160) bps<\/em>\n <\/td>\n<\/tr>\n
Total operating expenses<\/td>\n$99.4<\/td>\n$100.7<\/td>\n\n (1.3<\/em>
\n %)<\/em>\n <\/td>\n		$188.8<\/td>\n$190.6<\/td>\n\n (1.0<\/em>
\n %)<\/em>\n <\/td>\n<\/tr>\n
SG&A<\/td>\n$72.1<\/td>\n$73.7<\/td>\n\n (2.1<\/em>
\n %)<\/em>\n <\/td>\n		$139.2<\/td>\n$142.1<\/td>\n\n (2.0<\/em>
\n %)<\/em>\n <\/td>\n<\/tr>\n
SG&A as a % of Net Sales<\/td>\n\n 44.9<\/em>
\n %<\/em>\n <\/td>\n		\n 47.0<\/em>
\n %<\/em>\n <\/td>\n		\n (210) bps<\/em>\n <\/td>\n\n 46.6<\/em>
\n %<\/em>\n <\/td>\n		\n 49.1<\/em>
\n %<\/em>\n <\/td>\n		\n (250) bps<\/em>\n <\/td>\n<\/tr>\n
Advertising and marketing<\/td>\n$23.5<\/td>\n$23.3<\/td>\n\n 0.7<\/em>
\n %<\/em>\n <\/td>\n		$42.1<\/td>\n$41.3<\/td>\n\n 1.9<\/em>
\n %<\/em>\n <\/td>\n<\/tr>\n
Advertising & marketing as a % of Net Sales<\/td>\n\n 14.6<\/em>
\n %<\/em>\n <\/td>\n		\n 14.9<\/em>
\n %<\/em>\n <\/td>\n		\n (30) bps<\/em>\n <\/td>\n\n 14.1<\/em>
\n %<\/em>\n <\/td>\n		\n 14.3<\/em>
\n %<\/em>\n <\/td>\n		\n (20) bps<\/em>\n <\/td>\n<\/tr>\n
Net loss<\/td>\n$(6.7)<\/td>\n$(5.9)<\/td>\n\n (13.5<\/em>
\n %)<\/em>\n <\/td>\n		$(17.5)<\/td>\n$(18.8)<\/td>\n\n 7.1<\/em>
\n %<\/em>\n <\/td>\n<\/tr>\n
Basic net loss per common share<\/td>\n$(0.45)<\/td>\n$(0.38)<\/td>\n\n (18.4<\/em>
\n %)<\/em>\n <\/td>\n		$(1.19)<\/td>\n$(1.21)<\/td>\n\n 1.7<\/em>
\n %<\/em>\n <\/td>\n<\/tr>\n
Diluted net loss per common share<\/td>\n$(0.45)<\/td>\n$(0.38)<\/td>\n\n (18.4<\/em>
\n %)<\/em>\n <\/td>\n		$(1.19)<\/td>\n$(1.21)<\/td>\n\n 1.7<\/em>
\n %<\/em>\n <\/td>\n<\/tr>\n
Adjusted EBITDA 1<\/sup><\/td>\n$0.8<\/td>\n$1.5<\/td>\n\n (44.1<\/em>
\n %)<\/em>\n <\/td>\n		$(7.6)<\/td>\n$(8.8)<\/td>\n\n 13.1<\/em>
\n %<\/em>\n <\/td>\n<\/tr>\n
Net cash provided by (used) in operating activities<\/td>\n$12.2<\/td>\n$6.2<\/td>\n\n 96.7<\/em>
\n %<\/em>\n <\/td>\n		$(29.2)<\/td>\n$(0.8)<\/td>\n\n nm*<\/em>\n <\/td>\n<\/tr>\n<\/table>\n

\n *Changes denoted with an “nm” represent percent changes that are not meaningful.<\/em>\n <\/p>\n

\n 1 <\/sup>Adjusted EBITDA is a non-GAAP measure. See \u201cNon-GAAP Information\u201d and \u201cReconciliation of Non-GAAP Financial Measures\u201d included in this press release.<\/p>\n\n\n\n\n\n\n\n
\n Percent increase (decrease) except showroom count<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Thirteen weeks ended<\/strong>\n <\/td>\n\n Twenty-six weeks ended<\/strong>\n <\/td>\n<\/tr>\n
\n August 3,<\/strong>
\n
\n 2025<\/strong>\n <\/td>\n		\n August 4,<\/strong>
\n
\n 2024<\/strong>\n <\/td>\n		\n August 3,<\/strong>
\n
\n 2025<\/strong>\n <\/td>\n		\n August 4,<\/strong>
\n
\n 2024<\/strong>\n <\/td>\n<\/tr>\n
Omni-channel Comparable Net Sales(1)<\/sup><\/td>\n0.9%<\/td>\n(5.4)%<\/td>\n1.4%<\/td>\n(10.0)%<\/td>\n<\/tr>\n
Internet Sales<\/td>\n(4.1)%<\/td>\n7.0%<\/td>\n(6.3)%<\/td>\n(0.9)%<\/td>\n<\/tr>\n
Ending Showroom Count<\/td>\n270<\/td>\n254<\/td>\n270<\/td>\n254<\/td>\n<\/tr>\n<\/table>\n

\n 1 <\/sup>Omni-channel Comparable Net Sales includes sales at all retail locations and online, open greater than 12 months (including remodels and relocations) and excludes closed showrooms.<\/p>\n

\n
\n Highlights for the Quarter Ended August\u00a03, 2025:<\/u>
\n <\/strong>\n <\/p>\n