NASDAQ$LOVE
The Lovesac Company · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported a strong second quarter with net sales growth of 45.0% and comparable sales growth of 31.1%.
The Lovesac Company reported strong Q2 fiscal 2023 financial results, with net sales growth of 45.0% and adjusted EBITDA of $14.1 million. The company's performance exceeded expectations despite industry challenges, driven by its Designed for Life platform, in-stock position, and brand awareness.
- Net sales increased by 45.0%, driven by growth across all channels.
- Showroom net sales increased by 47.7%, including kiosks and mobile concierges.
- Internet net sales increased by 20.5% due to strong promotional campaigns.
- Gross profit increased by $21.9 million, or 37.1%, to $80.9 million.
Headline financials
Revenue & EPS history
Lovesac · Revenue · Quarterly
$149M
Revenue by segment
Lovesac · $86.2M total across 3 segments · Q2 2023
- Showrooms$48.7M—56.5%
- Internet$30.5M—35.4%
- Other$6.96M—8.1%
Forward guidance
The company expects the dynamic operating environment to persist through the rest of the year, and their growth strategies are designed to fortify their position and build on their market share gains. They will focus on key product innovation, effective marketing and merchandising strategies, productivity expansion of touchpoints, and healthy digital channel growth.
Tailwinds
- Key product innovation
- Effective marketing and merchandising strategies
- Productivity expansion of our touchpoints
- Healthy digital channel growth
- Disciplined execution
Headwinds
- Dynamic operating environment
- Changes in consumer spending and shopping preferences, and economic conditions
- Disruption in our supply chain and dependence on foreign manufacturing and imports for our products
- Reputational risk associated with increased use of social media
- System interruption or failures in our technology infrastructure needed to service our customers, process transactions and fulfill orders
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 2023
+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
| Quarter | Report date | Reaction (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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