Lovesac Co. Stock Price, News & Analysis

The Lovesac Company (Nasdaq: LOVE) will release its fourth quarter and fiscal 2023 financial results on March 28, 2023, before market open. A conference call will follow at 8:30 a.m. Eastern Time for discussion of these results. Investors can join the call by dialing 877-407-3982 or via an audio webcast at investor.lovesac.com. A recorded replay will be available shortly after the call for 90 days. Lovesac specializes in durable, modular furniture, including its Sactionals and Sacs, and is recognized for sustainability and innovation.

The Lovesac Company (Nasdaq: LOVE) announced its participation in the 2023 ICR Conference on January 9, 2023, at 1:00 p.m. ET. The presentation will be webcast live and accessible via the Company's Investor Relations website, where an archive will also be available post-event.

Based in Stamford, Connecticut, Lovesac specializes in high-quality, modular furniture and is recognized for its sustainable practices. Its product line includes Sactionals and Sacs, featuring innovative designs that adapt to customer needs. The brand focuses on direct-to-consumer sales, complemented by showrooms and partnerships.

The Lovesac Company (Nasdaq: LOVE) reported a 15.5% increase in net sales for Q3 FY2023, totaling $134.8 million, driven by showroom growth. However, gross profit rose only 8.5% to $63.6 million, with a decrease in gross margin to 47.2%. Operating loss expanded to $11.6 million versus an operating income of $3.0 million last year. The net loss was $8.4 million, substantially down from a net income of $2.8 million in the same quarter last year. The company faces continued inflationary pressure but is optimistic about the holiday season. Cash reserves fell significantly to $3.8 million.

Lovesac has partnered with Anti Social Social Club to launch a limited edition holiday collaboration available from December 3rd. The exclusive bundle includes a custom hoodie, t-shirt, and a bright pink camouflage Lovesac Sac Cover, designed for versatility in style. Prices range from $989 to $1,339, with both bundle and individual item sales available. This partnership aims to blend high fashion with home design, positioned to attract both brands' audiences. Lovesac continues to focus on sustainability and craftsmanship, enhancing its appeal in the furniture market.

The Lovesac Company (NASDAQ: LOVE) will release its third-quarter financial results on December 7, 2022, prior to market opening. The company will host a conference call at 8:30 a.m. ET to discuss these results, with participation details available for investors and analysts. A recorded replay will be accessible online for 90 days. Based in Stamford, Connecticut, Lovesac designs and sells high-quality modular furniture and beanbag chairs, focusing on sustainability and innovation, and is recognized for its rapid growth in the furniture industry.

Lovesac has announced a partnership with Disney, celebrating the launch of Disenchanted, streaming on Disney+ from November 18, 2022. This collaboration offers consumers enhanced home viewing experiences with Lovesac's innovative StealthTech Sound + Charge System, which combines immersive audio and wireless phone charging. Additionally, the partnership includes product demos in Lovesac showrooms and Best Buy locations, alongside promotions to engage consumers. The collaboration aims to enhance at-home movie nights, particularly during the holiday season.

Lovesac has announced a collaboration with Xbox to release a limited edition gaming bundle, available starting November 20th for $1,350. This exclusive bundle features a SuperSac, an Xbox Series S console, and a 3-month Xbox Game Pass Ultimate subscription, enhancing the gaming experience by combining comfort and technology. The products will be available at select U.S. Best Buy locations and on BestBuy.com. This partnership aims to meet holiday demand by delivering comfort and functionality to gamers, according to Lovesac's CEO, Shawn Nelson.

The Lovesac Company (Nasdaq: LOVE) announced the appointment of John Legg as Chief Supply Chain Officer, effective October 31, 2022. With over 25 years of experience in supply chain management, Legg previously served as COO at Purple Innovation, where he significantly improved operational efficiency. Lovesac aims to enhance its supply chain capabilities to support its growth and customer service initiatives. Mary Fox, President and COO, expressed enthusiasm for Legg's leadership and vision, which are expected to strengthen the brand's position in the market.