Every material Form 8-K Lovesac Co has filed with the SEC since June 11, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Lovesac reported second-quarter fiscal 2027 net sales of $161.2 million, up 0.4%, and net income of $7.4 million, or $0.51 per diluted share, compared with a net loss of $6.7 million a year earlier. The filing says the profit includes $0.86 per share of net benefit from $21.0 million in IEEPA tariff refunds and interest, and omni-channel comparable net sales fell 1.9%. The company expects a third-quarter net loss of $9 million to $12 million and full-year fiscal 2027 net income of $14.5 million to $18.5 million.
Net sales were $161.2 million for the quarter ended August 2, 2026, up from $160.5 million; omni-channel comparable net sales decreased 1.9%.
Net income was $7.4 million, or $0.51 per diluted share, versus a net loss of $6.7 million, or $(0.45) per share, a year earlier.
The company received $21.0 million of IEEPA tariff refunds and related interest in the quarter.
Guidance: third-quarter net loss of $9 million to $12 million; full-year fiscal 2027 net income of $14.5 million to $18.5 million.
Lovesac appointed Andrew Farag as Executive Vice President, Chief Financial Officer and Treasurer, effective June 15, 2026, replacing Keith Siegner, whose resignation the company says is not related to any financial or accounting issues. The company reaffirmed its second quarter and full-year fiscal 2027 guidance, which it first gave in its June 11, 2026 earnings release.
Andrew Farag, 42, becomes CFO and Treasurer effective June 15, 2026; he was Managing Director at Riveron from September 2024 to May 2026.
Farag's base salary is $560,000, with a target annual incentive of 70% of salary (maximum 140%) and a $255,000 cash signing bonus.
Keith Siegner's separation agreement provides $576,800 in base salary over twelve months and accelerated vesting of 3,189 RSUs and 2,963 performance-based RSUs; his role ends June 22, 2026.
Lovesac reaffirmed its second quarter and full-year fiscal 2027 financial guidance.
Lovesac reported first quarter fiscal 2027 results for the period ended May 3, 2026, with net sales of $138.2 million, down 0.1% from $138.4 million a year earlier. The net loss widened to $11.1 million, or $0.76 per share, from $10.8 million, or $0.73 per share, as gross margin fell to 52.1% from 53.7%. The company also gave fiscal 2027 and second quarter outlooks that include an expected $3.6 million tariff refund.
Q1 net sales $138.2 million vs. $138.4 million a year earlier; omni-channel comparable net sales fell 1.0%.
Net loss $11.1 million, or $(0.76) per share, vs. $10.8 million, or $(0.73) per share, a year earlier.
Adjusted EBITDA loss of $10.5 million vs. $8.4 million loss a year earlier.
Fiscal 2027 outlook: net sales $700 million to $740 million; net income $5 million to $12 million; diluted EPS $0.34 to $0.81. Q2 net loss expected at $3 million to $7 million.
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