Lovesac (LOVE) Stock News

Lovesac (NASDAQ:LOVE) and Van Leeuwen Ice Cream have announced a limited-edition collaboration launching custom CitySac Covers inspired by Van Leeuwen's iconic ice cream flavors. The collection features three designs priced at $525 each: Honeycomb, Sicilian Pistachio, and Strawberry.

The collaboration coincides with National Ice Cream Day (July 20) and celebrates the 10th anniversary of Van Leeuwen's Honeycomb flavor. Van Leeuwen will offer $3 scoops of Honeycomb ice cream at all stores from 12-2 PM on National Ice Cream Day. The partnership includes special promotions at Van Leeuwen's Tribeca location and a social media contest offering prizes including CitySacs, ice cream, and merchandise.

Lovesac (LOVE) announces the expansion of its PillowSac Chair line with two new wood frame finishes - Brown and Black - marking the product's first anniversary. The addition joins the original Blonde Frame, bringing the total frame options to three, which can be paired with over 150 machine-washable PillowSac Covers. The PillowSac Chair, which initially sold out at launch, allows customers to transform their PillowSac into a structured, supportive chair. The new frame finishes are available starting at $675, while the complete PillowSac Chair starts at $1,350, available both online and in Lovesac Showrooms nationwide.

The Lovesac Company (NASDAQ: LOVE) has announced a settlement agreement for consolidated shareholder derivative actions related to financial statement restatements and internal control weaknesses. The settlement, dated May 19, 2025, requires Lovesac to implement and maintain corporate governance reforms for at least four years. The company will pay $335,000 in attorneys' fees and expenses, with plaintiffs receiving $2,500 service awards each. A Fairness Hearing is scheduled for October 1, 2025, at 10:00 a.m. ET, where Judge Victor A. Bolden will review the settlement's fairness and fee arrangements. The derivative action differs from a separate securities class action as it seeks relief for Lovesac itself rather than individual shareholders. While Lovesac denies all wrongdoing, they agreed to settle to resolve the matter.

The Lovesac Company (NASDAQ: LOVE) reported Q1 FY26 financial results with net sales increasing 4.3% to $138.4M. The company saw an 18.2% growth in showroom sales, though internet sales declined 8.9%. Gross margin slightly decreased to 53.7%, while operating loss improved to $15.0M from $17.9M year-over-year. The company launched EverCouch, its third Designed for Life Platform, expanding into armchairs, loveseats, and sofas. For FY26, Lovesac projects net sales of $700M-$750M and net income of $13M-$22M. The company maintains 267 showrooms, adding 11 and closing 1 during Q1. Cash position stood at $26.9M, with inventory at $124.9M, reflecting a planned increase in stock inventory.

Lovesac (NASDAQ: LOVE), a technology-driven furniture company, has scheduled its first quarter fiscal 2025 financial results release for Thursday, June 12, 2025, before market open. The company will host a conference call at 8:30 a.m. Eastern Time to discuss the results.

Investors and analysts can participate by dialing 877-407-3982 (201-493-6780 for international callers). A live audio webcast will be available at investor.lovesac.com, with a replay accessible for 90 days. Lovesac specializes in innovative furniture products including Sactionals modular couches, Sacs premium foam beanbag chairs, StealthTech home theater systems, and the EverCouch™ seating solution.

The Lovesac Company (NASDAQ: LOVE) has appointed Heidi Cooley as its first Chief Brand and Marketing Officer, effective April 23, 2025. Cooley, who will report to President Mary Fox, brings 20 years of marketing experience and will lead marketing, eCommerce, and brand strategy.

Previously serving as Chief Marketing Officer at Crocs, Cooley was instrumental in transforming the multi-billion dollar brand through digital and social-first approaches. Her achievements include being named one of Forbes' 2024 World's Most Influential CMOs.

CEO Shawn Nelson expressed confidence in Cooley's ability to help achieve the company's goal of reaching three million Lovesac households by 2030. Cooley holds a Master's in Organizational Leadership from Colorado State University Global and serves on the Board of Directors for Fellow and the Regional Board of American Red Cross Colorado & Wyoming Region.

Lovesac (NASDAQ: LOVE) reported Q4 and fiscal 2025 financial results with Q4 net sales of $241.5 million and fiscal year net sales of $680.6 million, representing year-over-year decreases of 3.6% and 2.8% respectively.

Q4 highlights include a gross margin increase to 60.4%, net income growth of 14.1% to $35.3 million, and diluted EPS of $2.13. The company maintained strong financial health with $83.7 million in cash and no debt.

For fiscal 2026, Lovesac projects net sales between $700-750 million, adjusted EBITDA of $48-60 million, and net income ranging from $13-22 million. The company expanded its retail presence with 27 new showrooms, reaching 257 locations total, while launching new products including the Sactionals Reclining Seat and EverCouch™.

The Lovesac Company has been awarded the Bronze Edison Award for Sustainable Consumer Solutions at the 38th annual Edison Awards ceremony held on April 3, 2025, in Fort Myers, FL. The prestigious recognition celebrates the company's innovative Designed for Life approach to creating sustainable consumer products.

The award selection process involved rigorous evaluation of thousands of submissions by the Edison Awards Steering Committee and an independent panel of experts, focusing on Concept, Value, and Impact. Shawn Nelson highlighted the significance of this recognition, emphasizing the company's commitment to creating enduring, adaptable, and sustainable products.

The 2025 Edison Awards program, held April 2-3, featured networking events, interactive panels, and the Innovators Showcase. The ceremony also honored NVIDIA CEO Jensen Huang and Arizona State University President Michael Crow with the 2025 Edison Achievement Awards for their contributions to innovation in AI, computing, and education.

Lovesac (NASDAQ: LOVE), the Designed for Life home and technology brand, has scheduled its fourth quarter and fiscal 2025 financial results announcement for Thursday, April 10, 2025, before market open. The company will host a conference call at 8:30 a.m. Eastern Time to discuss the results.

The Stamford, Connecticut-based company specializes in manufacturing innovative furniture, including their signature Sactionals modular couches, Sactionals Reclining seat, Sacs premium foam beanbag chairs, PillowSac Accent Chair, StealthTech surround sound system, and EverCouch seating solution. As a Repreve's 7th Annual Champions of Sustainability Award recipient, the company emphasizes responsible production and innovation, with products protected by utility patents.