Lovesac Q1 net sales flat at $138.2 million; net loss widens to $11.1 million
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.
Key points
- 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.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 11, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.