The Lovesac Company

The Lovesac Company designs, manufactures, and sells furniture. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and other products comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans. The company also provides StealthTech, a home theater system; and PillowSac, an accent chair. It markets its products primarily through website, as well as showrooms, lifestyle centers, mobile concierges, kiosks, and street locations in 45 states in the United States; and in store pop-up-shops and shop-in-shops, and barter inventory transactions. The Lovesac Company was founded in 1995 and is based in Stamford, Connecticut.

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Lovesac Posts Flat Q1 Sales, Projects Full-Year Profitability

The Lovesac Company reported first-quarter fiscal 2027 net sales of $138.2 million, down 0.1% year over year, while projecting full-year net income between $5 million and $12 million. The slight sales decline was attributed to the closure of its Best Buy shop-in-shop locations and a 1% drop in omni-channel comparable net sales. Net loss widened to $11.1 million, or $0.76 per share, from $10.8 million, or $0.73 per share, a year earlier. CEO Shawn David Nelson said a new high-end sectional platform is on track to launch and should drive further market share gains, with delivery services rolling out nationally. For the full year, the company expects net sales of $700 million to $740 million.

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