Lovesac (NASDAQ:LOVE) Announces Earnings Results

Posted by Francis Steltz on Jun 13th, 2026

Lovesac (NASDAQ:LOVE – Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.76) EPS for the quarter, beating analysts’ consensus estimates of ($1.03) by $0.27, FiscalAI reports. The business had revenue of $138.20 million during the quarter, compared to analyst estimates of $136.66 million. Lovesac had a net margin of 0.55% and a return on equity of 1.89%. Lovesac’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.73) EPS. Lovesac updated its Q2 2027 guidance to 0.200-0.480 EPS and its FY 2027 guidance to 0.340-0.810 EPS.

Here are the key takeaways from Lovesac’s conference call:

Lovesac reported first-quarter net sales of $138.2 million, essentially flat year over year, and said results were in line with guidance despite a still-weak furniture market.
The company highlighted strength in higher-value products and channels, with e-commerce up 7.1% and transactions above $6,000 growing mid-double digits, while Snug continued to expand the brand with 80% new customers.
Lovesac said its marketing overhaul is improving efficiency, including the “Here for Life” campaign and more digital-first, AI-ready discovery efforts, which helped drive higher search interest and better return on ad spend.
Gross margin fell to 52.1% as transportation and tariff costs rose, though the company said price increases and cost savings partially offset the pressure; it has already received $3.4 million of tariff refunds and expects more may follow, but timing remains uncertain.
Management reiterated confidence in the long-term growth plan, including domestic manufacturing of Sactional seats starting this summer and the launch of a larger-format sectional plus a new room category in fiscal 2028, while maintaining a strong balance sheet with $57 million in cash and no debt.

Lovesac Stock Performance

Shares of LOVE stock opened at $16.35 on Friday. The firm has a market cap of $241.65 million, a price-to-earnings ratio of 62.88, a P/E/G ratio of 0.79 and a beta of 2.02. Lovesac has a 52 week low of $10.33 and a 52 week high of $20.88. The firm’s 50-day simple moving average is $15.91 and its two-hundred day simple moving average is $14.39.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Roth Mkm restated a “buy” rating on shares of Lovesac in a research note on Friday, March 27th. DA Davidson boosted their price target on shares of Lovesac from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday. Weiss Ratings restated a “sell (d)” rating on shares of Lovesac in a research note on Friday, March 27th. Wall Street Zen upgraded shares of Lovesac from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Canaccord Genuity Group set a $22.00 target price on shares of Lovesac in a research note on Thursday. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.67.

Read Our Latest Stock Analysis on Lovesac

Insider Buying and Selling

In related news, CEO Shawn David Nelson acquired 1,477 shares of the stock in a transaction on Thursday, April 16th. The shares were acquired at an average price of $16.95 per share, with a total value of $25,035.15. Following the completion of the transaction, the chief executive officer owned 202,681 shares in the company, valued at approximately $3,435,442.95. The trade was a 0.73% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 7.79% of the company’s stock.

Hedge Funds Weigh In On Lovesac

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LOVE. Invenomic Capital Management LP bought a new position in Lovesac during the fourth quarter worth about $5,350,000. Millennium Management LLC lifted its holdings in shares of Lovesac by 378.9% in the fourth quarter. Millennium Management LLC now owns 327,477 shares of the company’s stock worth $4,830,000 after buying an additional 259,097 shares in the last quarter. Kanen Wealth Management LLC purchased a new stake in shares of Lovesac in the third quarter worth about $4,025,000. Bridgeway Capital Management LLC lifted its holdings in shares of Lovesac by 252.8% in the second quarter. Bridgeway Capital Management LLC now owns 306,687 shares of the company’s stock worth $5,582,000 after buying an additional 219,762 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in shares of Lovesac by 139.4% in the fourth quarter. Corient Private Wealth LLC now owns 278,863 shares of the company’s stock worth $4,113,000 after buying an additional 162,356 shares in the last quarter. Institutional investors own 91.32% of the company’s stock.

Trending Headlines about Lovesac

Here are the key news stories impacting Lovesac this week:

Positive Sentiment: Lovesac beat Q1 EPS and revenue estimates, reporting a smaller-than-expected loss of $0.76 per share on $138.2 million in sales, which suggests operations were better than analysts feared. Lovesac (NASDAQ:LOVE) exceeds Q1 CY2026 expectations
Positive Sentiment: DA Davidson raised its price target on LOVE from $18 to $20 and reiterated a buy rating, signaling confidence in upside potential after the results. DA Davidson raises price target on Lovesac
Positive Sentiment: Management said product launches, digital marketing gains, showroom expansion, and supply-chain changes are supporting market-share gains and longer-term growth prospects. Lovesac Q1 Earnings Call Highlights Product Push, Outlook
Neutral Sentiment: Several commentary pieces note that Lovesac is still taking market share and has long-term potential, but that a broader furniture-sector rebound remains uncertain. Lovesac: Potential Remains Hidden, For Now
Negative Sentiment: The company’s FY2027 guidance was below Wall Street’s EPS expectations, which likely disappointed investors and helped drive the stock lower despite the earnings beat. The Lovesac Company Reports First Quarter Fiscal 2027 Financial Results
Negative Sentiment: Management said the business is still navigating industry headwinds, and coverage from outlets such as the Wall Street Journal highlighted that the outlook was tempered as the loss widened. Lovesac Tempers Outlook as Loss Widens

Lovesac Company Profile

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Lovesac, trading on NASDAQ under the symbol LOVE, is an American furniture company known for its modular seating systems and distinctive foam-filled “Sacs.” Founded in 1995 by Shawn Nelson, the company has built a reputation for innovative design that emphasizes comfort, durability and adaptability. Its core offerings include Sactionals—customizable sectional sofas assembled from individual “Sactional” cubes—and the original Lovesac Sacs, large fabric-covered bean bag chairs available in a variety of sizes and materials.

In addition to seating solutions, Lovesac has expanded into home entertainment products with the introduction of the Stage, a modular soundbar system designed to integrate seamlessly with Sactionals.