NASDAQ$LOVE
The Lovesac Company · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Lovesac reported record fourth quarter and fiscal year 2023 financial results, marked by net sales growth and increased adjusted EBITDA.
Lovesac Company reported a 21.7% increase in net sales for the fourth quarter, driven by growth across all sales channels. Net income was $27.6 million, and adjusted EBITDA increased by 51.0% to $48.3 million. The company is focused on growth initiatives and profitable growth for fiscal year 2024.
- Net sales increased by 21.7% in Q4 2023, driven by growth across all sales channels.
- Comparable sales grew by 16.2% in Q4 2023.
- Net income was $27.6 million in Q4 2023, compared to $32.6 million in the same quarter last year.
- Adjusted EBITDA increased by 51.0% to $48.3 million in Q4 2023.
Headline financials
Revenue & EPS history
Lovesac · Revenue · Quarterly
$239M
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 net sales between $700 million and $740 million, adjusted EBITDA between $55.0 million and $66.0 million, net income between $30.0 million and $36.0 million for fiscal year 2024.
Tailwinds
- Net sales in the range of $700 million to $740 million.
- Adjusted EBITDA in the range of $55.0 million to $66.0 million.
- Net income in the range of $30.0 million to $36.0 million.
- Diluted income per common share in the range of $1.83 to $2.24.
- Fiscal 2024 will contain an additional “53rd week” in the fourth quarter versus 52 weeks in fiscal 2023.
Headwinds
- Net sales in the range of $133 million to $136 million for Q1 2024.
- Adjusted EBITDA loss in the range of $4.0 million to $5.0 million for Q1 2024.
- Net loss in the range of $5.0 million to $6.0 million for Q1 2024.
- Diluted loss per common share in the range of $0.36 to $0.37 for Q1 2024.
- Projections are as of this date and the Company assumes no obligation to update or supplement this information.
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 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 | — | — | — |
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