NASDAQ$LOVE
The Lovesac Company · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported strong financial results with net sales growth and improved net loss.
Lovesac Company reported a 14.3% increase in net sales for the third quarter of fiscal 2024, driven by growth in Showroom and Internet channels. The company's net loss improved by 68.2%.
- Net sales increased by 14.3% primarily driven by growth within Showroom and Internet channels.
- Gross profit increased by $23.5 million, or 36.3%, to $88.4 million.
- Net loss improved to $2.3 million, or $(0.15) net loss per diluted share.
- The company opened 10 additional showrooms and closed 1 showroom and 2 kiosks during the quarter.
Headline financials
Revenue & EPS history
Lovesac · Revenue · Quarterly
$154M
Revenue by segment
Lovesac · $138M total across 3 segments · Q1 2027
- Showrooms$97.1M—70.2%
- Internet$35.7M—25.8%
- Other$5.46M—4.0%
Forward guidance
The Company expects the following for the full year of fiscal 2024: Net sales in the range of $710.0 million to $720.0 million. Adjusted EBITDA4 in the range of $54.0 million to $62.0 million. Net income in the range of $22.0 million to $26.0 million. Diluted income per common share in the range of $1.35 to $1.60 on approximately 16.5 million estimated diluted weighted average shares outstanding. Fiscal 2024 will contain an additional “53rd week” in the fourth quarter versus 52 weeks in fiscal 2023. The Company currently expects the following for the fourth quarter of fiscal 2024: Net sales in the range of $260.0 million to $270.0 million. Adjusted EBITDA4 in the range of $48.0 million to $56.0 million. Net income in the range of $29.0 million to $33.0 million. Diluted income per common share in the range of $1.77 to $2.02 on approximately 16.6 million estimated diluted weighted average shares outstanding.
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 Q3 2024
+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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