Lovesac swings to $7.4 million Q2 profit, aided by $21.0 million tariff refunds
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.
Key points
- 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.
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 September 10, 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.