The Lovesac Company (LOVE) Tops Q1 EPS by 33c

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Go back to The Lovesac Company (LOVE) Tops Q1 EPS by 33c

The Lovesac Company Reports First Quarter Fiscal 2023 Financial Results

June 8, 2022 7:00 AM EDT

Net Sales Growth of 56.0%Comparable Sales Growth of 42.2%Net Income Decreases to $1.9 million from $2.1 million in the Prior Year Period Adjusted EBITDA1 Increases to $6.4 million from $5.3 million in the Prior Year Period

STAMFORD, Conn., June 08, 2022 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) (Lovesac or the Company), the home furnishing brand best known for its Sactionals, The World's Most Adaptable Couch, today announced financial results for the first quarter of fiscal 2023, which ended May 1, 2022.

Shawn Nelson, Chief Executive Officer, stated, Lovesacs strong performance in the first quarter... More