NASDAQ$LOVE

The Lovesac Company · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported a net sales increase and an improvement in net loss and Adjusted EBITDA.

Lovesac Company announced its financial results for the second quarter of fiscal 2021, with net sales increasing by 28.7% and comparable sales increasing by 72.4%. The company's net loss improved to $1.1 million, and Adjusted EBITDA improved to $2.2 million.

  • Net sales increased by 28.7%.
  • Comparable sales increased 72.4%.
  • Net loss improved to $1.1 million.
  • Adjusted EBITDA improved to $2.2 million.

Headline financials

Total Revenue

$61.9M

Previous: $48.1M+28.7%
EPS (adj)

-$0.08

Previous: -$0.31+74.2%
Omni-channel Comparable Net Sales Growth

72.4%

No prior period
Capital Expenditures

-$4.92M

Previous: -$4.12M-19.4%
Free Cash Flow

-$6.02M

Previous: -$8.89M+32.2%
Net Income

-$1.11M

Previous: -$4.77M+76.8%
Operating Income

-$1.04M

Previous: -$4.95M+79.0%
Gross Profit

$31.1M

Previous: $24.3M+27.9%
Cash & Equivalents

$54.8M

No prior period
Total Assets

$135M

No prior period
Stock-Based Comp

$677K

No prior period

Revenue & EPS history

Lovesac · Revenue · Quarterly

$61.9M

Q2 2021+28.7%vs Q2 2020
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Revenue by segment

Lovesac · $138M total across 3 segments · Q1 2027

  • Showrooms
    $97.1M
  • Internet
    $35.7M
  • Other
    $5.46M

Forward guidance

The Company anticipates sales growth in the third quarter to align with the second quarter's growth rates. For the full year, positive Adjusted EBITDA is expected, primarily in the fourth quarter. The third quarter is projected to have an Adjusted EBITDA loss between $10 million and $11 million due to expense shifts and increased marketing spend.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+3.8%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+10.2%

Avg return

30 days after

50%

16 / 32 earnings

Positive

+72.0%

Q4 2020

Best reaction

-30.1%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027-1.6%-13.7%
Q4 2026+1.2%-4.2%
Q3 2026-7.8%+0.1%+17.2%
Q2 2026-14.8%-13.5%-31.6%
Q1 2026+3.2%+6.6%+6.3%
Q4 2025+16.1%+22.3%+26.2%
Q3 2025-30.1%-29.2%-28.9%
Q2 2025+24.9%+26.8%+23.9%
Q1 2025-6.7%-10.4%+3.8%
Q4 2024-16.4%-17.1%+8.4%
Q3 2024+18.4%+20.8%+19.7%
Q2 2024-4.5%+1.7%+21.7%
Q1 2024-7.3%-8.4%+3.6%
Q4 2023+18.4%+20.4%+12.5%
Q3 2023-15.4%-11.9%+17.7%
Q2 2023-4.9%-12.6%-32.0%
Q1 2023-16.5%-22.5%-13.9%
Q4 2022+15.9%+9.1%-5.3%
Q3 2022+27.3%+17.1%-13.3%
Q2 2022+33.7%+29.2%+42.4%
Q1 2022+6.9%+6.5%-15.6%
Q4 2021-2.8%+1.3%+15.5%
Q3 2021+20.5%+9.1%+40.5%
Q2 2021-9.4%-11.5%+10.0%
Q1 2021+7.9%+4.8%+35.9%
Q4 2020+72.0%+87.1%+133.6%
Q3 2020-25.9%-13.5%-0.6%
Q2 2020+3.0%+11.0%-4.8%
Q1 2020-21.0%-20.7%-29.0%
Q4 2019+33.2%-6.8%+34.7%
Q3 2019+8.9%-1.3%+4.3%
Q2 2019-4.3%-4.9%+2.9%
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2016
Q3 2016
Q2 2016
Q1 2016

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