Lovesac shares slide after softer sales outlook offsets profit gain
Lovesac reported second-quarter fiscal 2027 adjusted EPS of a 35-cent loss, better than the 36-cent loss estimate, while revenue of $161.245 million missed expectations. The company also lifted full-year GAAP EPS guidance but cut its sales outlook and third-quarter sales forecast.
The Lovesac Company (NASDAQ: LOVE ) reported second-quarter fiscal 2027 results T hursday, posting sales growth and improved GAAP profitability. Shares traded lower after the report as investors weighed a sales miss and reduced full-year sales outlook against an adjusted EPS beat and higher GAAP EPS guidance. 485 million estimate. 4% year over year.
GAAP diluted EPS was 51 cents, compared with a 45-cent loss a year earlier. 7 million loss. EPS included an 86-cent net benefit from tariff refunds. 4%.
0%, down 40 basis points. 8 million loss. 2 million. 9%.
Lovesac ended the quarter with 284 showrooms. 2 million. 8 million, with no outstanding debt. 09.
275 million estimate. 5 million. 835 million estimate, and a GAAP loss of 62 cents-83 cents per share versus an estimated 53-cent loss. Conference Call Insights Management said the lower outlook primarily reflects product-launch timing rather than a worsening macro view.
Snug extensions should contribute late in the third quarter, while a Sactionals innovation tied to onshoring and a large-format premium sectional are expected to have a more meaningful impact in the fourth quarter. Configurations above $6,000 grew double digits, while the under-$6,000 segment has not returned to growth despite pricing and promotional changes. Management also said its national White Glove and Room of Choice delivery rollout could temporarily delay revenue recognition because customers can schedule deliveries. Nelson said Lovesac assumes no macro recovery and expects SG&A to remain relatively flat.
16 on Thursday, according to Pro data. Read Also: Shoe Station Warns Promotions Are Here to Stay, Slashes Full-Year Outlook Photo: Shutterstock