NASDAQ$LOVE

The Lovesac Company · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Lovesac reported strong financial results with significant growth in net sales and comparable sales.

Lovesac Company reported a net sales increase of 51.3% and comparable sales growth of 50.0% for the fourth quarter of fiscal year 2022. Net income increased to $32.6 million, with basic EPS of $2.15 and diluted EPS of $2.03.

  • Net sales increased by 51.3% in the fourth quarter.
  • Comparable sales grew by 50.0% in the fourth quarter.
  • Gross profit increased by 45.9% to $109.6 million.
  • Net income reached $32.6 million, with a significant contribution from a tax benefit.

Headline financials

Total Revenue

$196M

Previous: $130M+51.3%
EPS (adj)

$2.03

Previous: $1.37+48.2%
Omni-channel Comparable Net Sales Growth

50.0%

Previous: 45.0%+11.1%
Ending Showroom Count

146

No prior period
Capital Expenditures

$4.5M

Previous: $1.7M+164.4%
Free Cash Flow

$44.7M

Previous: $31.9M+40.2%
Net Income

$32.6M

Previous: $14.7M+121.8%
Operating Income

$24.2M

Previous: $15.8M+53.6%
Gross Profit

$110M

Previous: $56.6M+93.5%
Cash & Equivalents

$92.4M

Previous: $78.3M+17.9%
Total Assets

$372M

Previous: $171M+117.3%
Stock-Based Comp

$3.01M

Previous: $2.04M+47.3%

Revenue & EPS history

Lovesac · Revenue · Quarterly

$196M

Q4 2022+51.3%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Lovesac enters fiscal 2023 with the people, strategy and platform primed to build on our success and deliver long-term, sustainable and profitable growth.

Tailwinds

  • Smart investments in product extensions
  • Smart investments in technology
  • Creative deployment of our omni-channel sales model
  • Supply chain efficiencies
  • Operating efficiencies

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 2022

Historical avgQ4 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

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