Lovesac | 10-Q: FY2026 Q2 Revenue Beats Estimate at USD 160.53 M

LB filings
2025.09.11 11:30
portai
I'm PortAI, I can summarize articles.

Revenue: As of FY2026 Q2, the actual value is USD 160.53 M, beating the estimate of USD 160.42 M.

EPS: As of FY2026 Q2, the actual value is USD -0.45, beating the estimate of USD -0.705.

EBIT: As of FY2026 Q2, the actual value is USD -8.723 M.

Segment Revenue

  • Showrooms: Revenue was $109.1 million for the thirteen weeks ended August 3, 2025, compared to $98.8 million for the same period in 2024. For the twenty-six weeks ended August 3, 2025, revenue was $205.5 million, compared to $180.4 million in 2024.
  • Internet: Revenue was $42.5 million for the thirteen weeks ended August 3, 2025, compared to $44.3 million in 2024. For the twenty-six weeks ended August 3, 2025, revenue was $75.8 million, compared to $80.9 million in 2024.
  • Other: Revenue was $9.0 million for the thirteen weeks ended August 3, 2025, compared to $13.5 million in 2024. For the twenty-six weeks ended August 3, 2025, revenue was $17.5 million, compared to $27.9 million in 2024.

Operational Metrics

  • Net Loss: The net loss was - $6.7 million for the thirteen weeks ended August 3, 2025, compared to - $5.9 million in 2024. For the twenty-six weeks ended August 3, 2025, the net loss was - $17.5 million, compared to - $18.8 million in 2024.
  • Gross Profit: Gross profit was $90.6 million for the thirteen weeks ended August 3, 2025, compared to $92.4 million in 2024. For the twenty-six weeks ended August 3, 2025, gross profit was $165.0 million, compared to $164.4 million in 2024.
  • Operating Loss: Operating loss was - $8.8 million for the thirteen weeks ended August 3, 2025, compared to - $8.4 million in 2024. For the twenty-six weeks ended August 3, 2025, operating loss was - $23.8 million, compared to - $26.2 million in 2024.

Cash Flow

  • Net Cash Used in Operating Activities: The net cash used was - $29.2 million for the twenty-six weeks ended August 3, 2025, compared to - $0.8 million in 2024.
  • Net Cash Used in Investing Activities: The net cash used was - $13.2 million for the twenty-six weeks ended August 3, 2025, compared to - $13.5 million in 2024.
  • Net Cash Used in Financing Activities: The net cash used was - $7.1 million for the twenty-six weeks ended August 3, 2025, compared to - $0.6 million in 2024.

Unique Metrics

  • Barter Transactions: No barter sales were recognized during the thirteen and twenty-six weeks ended August 3, 2025, compared to $2.5 million and $6.5 million recognized during the same periods in 2024, respectively.

Future Outlook and Strategy

  • Core Business Focus: The company plans to continue investing in showroom growth, including capital outlays for leasehold improvements, fixtures and equipment, and the construction of new showrooms. It also intends to drive net sales growth through ongoing investments in advertising and marketing.
  • Non-Core Business: The company has initiated a cost-reduction plan that includes terminating its partnership with Best Buy and winding down its Best Buy shop-in-shop locations, expected to be substantially completed by the third quarter of fiscal 2026.
  • Priority: Emphasis is placed on strategies with concrete projections, such as planned capital expenditures for new showrooms and the cost-reduction plan related to the Best Buy partnership termination.
Source: LB filings The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.