The Lovesac Company (LOVE) Tops Q1 EPS by 71c, Revenues Beat

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Go back to The Lovesac Company (LOVE) Tops Q1 EPS by 71c, Revenues Beat

The Lovesac Company Reports First Quarter Fiscal 2022 Financial Results

June 9, 2021 7:00 AM EDT

Net Sales Growth of 52.5% Comparable Sales Growth of 48.8% Net Income (Loss) Improved to $2.1 million from $(8.3) million in the Prior Year Period Record First Quarter Adjusted EBITDA1 of $5.3 million

STAMFORD, Conn., June 09, 2021 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) (Lovesac or the Company) today announced financial results for the first quarter of fiscal 2022, which ended May 2, 2021.

Shawn Nelson, Chief Executive Officer, stated, Our strong first quarter performance affirms the confluence of two highly-favorable dynamics in Lovesacs evolution. The first is that we are providing a... More