Lovesac Q2 FY27 turns to net income of $7.4 million; net sales rise 0.4% to $161.2 million
LOVE•Lovesac returns to profit as gross margin widens
- Lovesac posted Q2 fiscal 2027 net income of $7.4 million, returning to profit from a year-ago loss; diluted EPS was $0.51.
- Net sales edged up 0.4% to $161.2 million, as showroom sales rose 4.6% to $114.1 million.
- Gross margin widened 12 percentage points to 68.4%, primarily due to IEEPA tariff recoveries that added 1,240 basis points.
- Operating income was $10.9 million, swinging from a year-ago operating loss; ending showroom count increased to 284.
- Forecasts full-year net sales of $690 million to $710 million; expects Q3 net sales of $140 million to $150 million.
