Lovesac Co (LOVE) director Alan Boehme reported the vesting and settlement of 5,238 Restricted Stock Units on September 9, 2026. The RSUs were converted into 5,238 shares of common stock at a reported price of $0.00 per share, leaving him with 5,238 common shares held directly.
The Lovesac Company (LOVE) reported essentially flat net sales but a sharp profitability improvement for the quarter ended August 2, 2026. Net sales were $161.2 million, up 0.4% year over year, while omni-channel comparable net sales declined 1.9% as both new and repeat customers fell modestly.
Gross margin expanded to 68.4% from 56.4%, driven mainly by $21.0 million of IEEPA tariff refunds and better product margins, partially offset by higher transportation and warehousing costs. Quarterly operating income reached $10.9 million and net income was $7.4 million, or $0.51 per diluted share, versus a loss a year ago. For the first 26 weeks, net sales were $299.4 million with a narrower net loss of $3.7 million.
Lovesac ended the quarter with $68.8 million in cash and no borrowings on its $40 million asset-based revolver, but used $11.4 million of cash in operating activities as inventory increased to support future demand. The company repurchased 274,426 shares in the quarter (415,908 year-to-date) for $7.2 million, leaving $46.9 million available under its authorization, while continuing to expand to 284 showrooms across the U.S.
Lovesac Co (LOVE) reported second quarter fiscal 2027 results showing a sharp profitability improvement driven largely by tariff refunds, despite essentially flat sales. Q2 net sales were $161.2 million, up 0.4% year over year, as 14 net new showrooms offset a 1.9% decline in omni-channel comparable net sales and the closure of Best Buy shop-in-shop locations.
Gross profit rose to $110.3 million and gross margin expanded to 68.4% from 56.4%, primarily due to $21.0 million of IEEPA tariff refunds and related interest; excluding these recoveries, Q2 gross margin was 56.0%, slightly below last year. Operating income was $10.9 million versus a loss of $8.8 million, and net income was $7.4 million, or $0.51 per diluted share, compared with a $6.7 million loss, with $0.86 per share of benefit from tariff refunds.
Year-to-date, net sales were $299.4 million, up 0.2%, and the company reduced its net loss to $3.7 million from $17.5 million, while Adjusted EBITDA was a loss of $11.8 million. Lovesac ended the quarter with $68.8 million in cash and no debt. For full-year fiscal 2027, management projects net sales of $690–$710 million, net income of $14.5–$18.5 million, Adjusted EBITDA of $31.5–$35.5 million, and diluted EPS of $0.98–$1.26, but expects a net loss of $9–$12 million in the third quarter.
Farag Andrew reported acquisition or exercise transactions in this Form 4 filing.
Lovesac Co EVP and CFO Andrew Farag reported a grant of 1,132 restricted stock units (RSUs) tied to common stock. According to the grant terms, awarded on June 17, 2026, the RSUs vest in three equal annual installments. Following this award, Farag directly holds 29,975 shares/units. The grant was not reported as made under a Rule 10b5-1 trading plan.
Lovesac Co director Vineet Mehra reported a sale of 5,000 shares of Common Stock on 2026-07-17 in an open-market or private transaction at an average price of $18.3817 per share. Following this transaction, Mehra directly holds 17,992 shares of Lovesac common stock. The sale was not reported as made under a Rule 10b5-1 trading plan.
A shareholder of LOVE has filed a Form 144 indicating an intention to sell up to 15,000 shares of common stock, with an aggregate market value of $249,150.00, through Morgan Stanley Smith Barney LLC on Nasdaq on 07/16/2026. The notice also lists recent employee stock unit award transactions for Vineet Mehra classified as compensation-related common stock activity.
Farag Andrew reported acquisition or exercise transactions in this Form 4 filing.
Lovesac Co EVP and CFO Andrew Farag received a compensation grant of restricted stock units. The award covers 28,843 RSUs, each representing the right to receive one share of Lovesac common stock upon vesting. These RSUs vest in three equal installments on the first, second and third anniversaries of the June 23, 2026 grant date. After this grant, Farag is reported as holding 28,843 RSUs directly.
Lovesac Co executive vice president and CFO Andrew Farag filed an initial Form 3 reporting his beneficial ownership in the company’s common stock. The filing shows he currently reports no shares of Lovesac common stock held directly after this reporting.
Lovesac Co Chief Executive Officer Shawn David Nelson reported an open-market purchase of 1,830 shares of common stock at $13.6400 per share. After this transaction, he directly owns 205,644 shares. A further 52,094 shares are held indirectly through The LDPV Holding Trust, over which he has sole disposition authority.
Lovesac Co President Mary Fox reported an open-market purchase of 1,720 shares of Lovesac common stock at a weighted average price of $14.41 per share. After this transaction, she directly owns 71,674 shares. The filing notes the shares were bought in multiple trades between $14.36 and $14.45.