NASDAQ$LOVE

The Lovesac Company · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Lovesac delivered record results driven by its business model, products, and operational execution.

Lovesac reported record fourth quarter and fiscal year 2021 financial results, with net sales growth of 40.7% in the fourth quarter and 37.4% in fiscal 2021. The company's comparable sales growth was 45.0% in the fourth quarter and 53.0% in fiscal 2021. Net income increased to $14.7 million, and Adjusted EBITDA increased to $25.9 million in the fourth quarter.

  • Net sales growth of 40.7% in the fourth quarter.
  • Comparable sales growth of 45.0% in the fourth quarter.
  • Gross margin expansion of 890 basis points.
  • Adjusted EBITDA increased to $25.9 million.

Headline financials

Total Revenue

$130M

Previous: $92.2M+40.7%
EPS (adj)

$1.37

Previous: $0.37+270.3%
Omni-channel Comparable Net Sales Growth

45.0%

Previous: 37.9%+18.7%
Capital Expenditures

$1.7M

Previous: $3.44M-50.5%
Free Cash Flow

$31.9M

Previous: $21.8M+46.3%
Net Income

$14.7M

Previous: -$8.65M+270.1%
Operating Income

$15.8M

Previous: -$10.4M+251.1%
Gross Profit

$56.6M

Previous: $45.2M+25.4%
Cash & Equivalents

$78.3M

Previous: $25.4M+208.2%
Total Assets

$171M

Previous: $169M+1.2%
Stock-Based Comp

$2.04M

Previous: $1.22M+66.8%

Revenue & EPS history

Lovesac · Revenue · Quarterly

$130M

Q4 2021+40.7%vs Q4 2020
Beat estimate in 6 of 13 quarters(46%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

Lovesac expects adherence to its 'Designed for Life' philosophy to drive continued growth and profitability, and help reach its goal of operating a 100% circular and sustainable business model by 2040.

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 Q4 2021

Historical avgQ4 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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