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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. The Lovesac Co's Net Income for the three months ended in Jan. 2024 was $31.0 Mil. Its Net Income for the trailing twelve months (TTM) ended in Jan. 2024 was $23.9 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. The Lovesac Co's Earnings per Share (Diluted) for the three months ended in Jan. 2024 was $1.57.
The historical data trend for The Lovesac Co's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The Lovesac Co Annual Data | |||||||||||||||||||
Trend | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | ||||||||||
Net Income | Get a 7-Day Free Trial | -15.21 | 14.73 | 47.49 | 26.49 | 23.86 |
The Lovesac Co Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Net Income | Get a 7-Day Free Trial | 26.22 | -4.12 | -0.64 | -2.34 | 30.95 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
The Lovesac Co's Net Income for the fiscal year that ended in Jan. 2024 is calculated as
Net Income | (A: Jan. 2024 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 31.823 | + | -7.962 | + | 0 | + | 0 |
= | 23.9 |
The Lovesac Co's Net Income for the quarter that ended in Jan. 2024 is calculated as
Net Income | (Q: Jan. 2024 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 41.17 | + | -10.218 | + | 0 | + | 0 |
= | 31.0 |
Net Income for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $23.9 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The Lovesac Co (NAS:LOVE) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
The Lovesac Co's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jan. 2024 is calculated as
Earnings per Share (Diluted) (Q: Jan. 2024 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (30.952 | - | 0) | / | 19.666 | |
= | 1.57 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of The Lovesac Co's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Andrew R Heyer | director, 10 percent owner | 501 MADISON AVENUE, FLOOR 5, NEW YORK NY 10019 |
Shawn David Nelson | director, officer: Chief Executive Officer | 2 LANDMARK SQUARE, SUITE 300, STAMFORD CT 06820 |
Satori Capital, Llc | 10 percent owner | 2501 N. HARWOOD ST., 20TH FLOOR, DALLAS TX 75201 |
Keith R. Siegner | officer: EVP and CFO | TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901 |
Vineet Mehra | director | 330 HUDSON STREET, 13TH FLOOR, NEW YORK NY 10013 |
Sharon M Leite | director | 100 PIER 1 PLACE, FT. WORTH TX 76102 |
Shirley Romig | director | TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901 |
Albert Jack Krause | director, officer: President and COO | 2 LANDMARK SQUARE, SUITE 300, STAMFORD CT 06820 |
Walter Field Mclallen | director | 1225 17TH AVE SOUTH, NASHVILLE TN 37212 |
Mary Fox | director | TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901 |
Mistral Equity Partners, Lp | 10 percent owner | 650 FIFTH AVENUE, 31ST FLOOR, New York NY 10019 |
Mistral Sac Holdings, Llc | 10 percent owner | 650 FIFTH AVENUE, FLOOR 10, NEW YORK NY 10019 |
Jared Rubin | director | 4300 E. FIFTH AVE., COLUMBUS OH 43219 |
Sac Acquisition Llc | 10 percent owner | 700 CANAL STREET, 4TH FLOOR, STAMFORD CT 06902 |
Donna Dellomo | officer: Executive VP and CFO | 35 SAWGRASS DRIVE, SUITE 2, BELLPORT NY 11713 |
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