Q1 2026 Lovesac Co Earnings Call Transcript

Jun 12, 2025 / 12:30 PM GMT

Release Date Price: $16.82 (-17.98%)

Transcript 10-Q8-K

Key Points

Positve

The Lovesac Co (LOVE) reported a 4.3% year-over-year increase in total net sales for the first quarter, reaching $138.4 million.
The company achieved a 2.8% increase in omni-channel comparable net sales, indicating growth across multiple sales channels.
The introduction of the reclining seat and the Evercouch product platforms have been well-received, contributing to market share gains.
The Lovesac Co (LOVE) has maintained a healthy balance sheet with substantial flexibility, supported by strong inventory levels and net cash.
The company is actively working on diversifying its manufacturing away from China, aiming for a more sustainable and geographically redundant supply chain.

Negative

Gross margin decreased by 60 basis points to 53.7% due to higher promotional discounting and reliance on China for manufacturing.
Internet net sales decreased by 8.9% year-over-year, indicating challenges in the online sales channel.
The company decided to end its partnership with Best Buy, which may impact its distribution strategy and presence in consumer electronics.
The promotional environment remains highly competitive, with discount levels in the category remaining high.
The Lovesac Co (LOVE) faces ongoing tariff uncertainties, which could impact costs and require strategic pricing adjustments.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LOVE.OQ - Lovesac Co
Q1 2026 Lovesac Co Earnings Call
Jun 12, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings. Welcome to LoveSA's first quarter fiscal 2026 earnings conference call. At this time, all participants will be in listen-only mode.

Question and answer session will follow the formal presentation.

If anyone today should require operator assistance, please press 0 from your telephone keypad.

Please note this conference is being recorded.

This time I'll turn the conference over to Caitlin Churchill, investor relations for LoveSAC. Caitlin, you may begin.

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Unidentified_2 [2]
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Thank you. Good morning, everyone. With me on the

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