NASDAQ$LOVE

The Lovesac Company · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported a net sales growth of 65.4% and a comparable sales growth of 39.5%. Net income improved to $8.4 million.

Lovesac reported strong second-quarter results with a 65.4% increase in net sales and a net income of $8.4 million, a significant improvement from the previous year. The company's performance was driven by its disruptive home furnishings model, diversified supply chain, and growing brand awareness.

  • Net sales grew by 65.4%.
  • Comparable sales increased by 39.5%.
  • Net income improved to $8.4 million from a loss of $(1.1) million in the prior year period.
  • Adjusted EBITDA reached $12.4 million.

Headline financials

Total Revenue

$102M

Previous: $61.9M+65.4%
EPS (adj)

$0.55

Previous: -$0.08+787.5%
Omni-channel Comparable Net Sales Growth

39.5%

Previous: 72.4%-45.4%
Capital Expenditures

-$7.14M

Previous: -$4.92M-45.2%
Free Cash Flow

$1.31M

Previous: -$6.02M+121.7%
Net Income

$8.45M

Previous: -$1.11M+863.2%
Operating Income

$9.01M

Previous: -$1.04M+967.5%
Gross Profit

$59M

Previous: $31.1M+90.1%
Cash & Equivalents

$68.5M

Previous: $54.8M+24.9%
Total Assets

$281M

Previous: $135M+107.8%
Stock-Based Comp

$1.09M

Previous: $677K+60.3%

Revenue & EPS history

Lovesac · Revenue · Quarterly

$102M

Q2 2022+65.4%vs Q2 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

The third quarter is off to a strong start, and the company is confident in its ability to execute its key strategic growth priorities and navigate the tight supply chain environment.

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 2022

Historical avgQ2 2022

+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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro