Welcome to our dedicated page for Lovesac Co. news (Ticker: LOVE), a resource for investors and traders seeking the latest updates and insights on Lovesac Co. stock.
The Lovesac Company (NASDAQ: LOVE) is a technology-driven company based in Stamford, Connecticut, that designs, manufactures, and sells unique, high-quality furniture. The company’s standout products include Sactionals, modular couches known as 'The World's Most Adaptable Couch', and Sacs, premium foam beanbag chairs dubbed 'The World's Most Comfortable Seat'.
Lovesac’s innovative approach is encapsulated in its Designed for Life philosophy, ensuring products are built to last a lifetime and designed to evolve as customers' lives do. This approach emphasizes sustainability and responsible production, earning the company accolades such as Repreve’s 6th Annual Champions of Sustainability.
The company is also known for its proprietary Sactionals StealthTech™ Sound + Charge System, integrating invisible, immersive surround sound and charging capabilities into its furniture. Lovesac’s products are primarily sold online at www.lovesac.com, supported by direct-to-consumer touchpoints in the form of owned showrooms, shop-in-shops, and pop-up-shops with third-party retailers, including Best Buy.
In recent developments, Lovesac has partnered with Swarovski to offer a limited-edition Footsac blanket embellished with Swarovski® Crystals, sold exclusively at Nordstrom’s pop-up shops. This collaboration highlights Lovesac's commitment to merging comfort and luxury. Moreover, Lovesac has announced a Fall-Winter 2024 partnership with fashion label KidSuper, blending home comfort with avant-garde street style.
Founder and CEO Shawn Nelson's leadership has been crucial to Lovesac’s success. His book, Let Me Save You 25 Years: Mistakes, Miracles, and Lessons from the Lovesac Story, published with Forbes Books, provides an in-depth look at the company’s journey from a college side hustle to a successful IPO on NASDAQ.
Additionally, Lovesac’s dedication to ESG (Environmental, Social, and Governance) principles is evident through its multi-phased commitment to sustainability and socially responsible operations, with goals such as achieving net-zero waste and emissions by 2040.
Lovesac (LOVE) has announced a strategic partnership with Habitat for Humanity to provide sustainable comfort solutions for affordable housing projects nationwide. The company has already donated over $600,000 worth of Sactionals and Sacs to Habitat's ReStores, which are sold at discounted rates to fund local housing initiatives.
The partnership includes a commitment to donate a minimum of $150,000 in products this year, plus an additional $400,000 in product donations specifically for disaster recovery efforts in North Carolina (Hurricane Helene) and Los Angeles (wildfires). Lovesac's 2,000 employees will participate in Volunteer Build Days, while showrooms will collaborate with local Habitat ReStores through donations and volunteer opportunities.
The Lovesac Company (LOVE), known for its Sactionals furniture line, has announced its participation in the 2025 ICR Conference. The company will conduct a fireside chat on Tuesday, January 14, 2025, at 11:00 a.m. Eastern Time. The event will be accessible via webcast on Lovesac's Investor Relations website, with an archive available afterward.
Lovesac, headquartered in Stamford, Connecticut, is a technology-driven furniture manufacturer that follows a 'Designed For Life' philosophy, creating durable and adaptable products. Their main product lines include Sactionals (modular couches) and Sacs (premium foam beanbag chairs), along with home decor accessories. The company's products are protected by utility patents and are primarily sold online through their website, company showrooms, and partnerships with third-party retailers via shop-in-shops and pop-up-shops.
The Lovesac Company (LOVE) has released its 2024 ESG & Impact Report, highlighting its commitment to environmental sustainability, social responsibility, and governance. The report focuses on three key pillars: Earth, Love, and Purpose.
Key achievements include: 48% women in leadership roles, repurposing over 240 million plastic bottles through REPREVE® partnership (targeting 1 billion), and expanding their Sustainable Supply Chain program. The company maintains its goal to achieve net-zero waste and emissions by 2040.
The framework aligns with SASB standards and UN Sustainable Development Goals, representing Lovesac's fourth annual ESG report. The company continues to emphasize its 'Designed for Life' principles, focusing on sustainable manufacturing and product innovation across home furnishing categories.
The Lovesac Company (LOVE) hosted an Investor Day on December 17, 2024, presenting its strategic framework and multi-year financial targets. The company outlined its normalized year expectations, including annual net sales growth of 10-15%, gross margin rate of 59-60%, and advertising & marketing at ~12.5% of net sales.
For Fiscal 2026, Lovesac projects net sales growth of 7-12%, gross margin rate of ~59%, and annual EPS growth of at least 100%. These targets assume industry outperformance of 10-15% and a tax rate of ~26.5%. The company, known for its Sactionals modular couches and Sacs premium foam beanbag chairs, emphasizes its proprietary Designed For Life approach.
Lovesac (NASDAQ: LOVE) reported Q3 FY25 financial results with net sales of $149.9 million, down 2.7% year-over-year. The company experienced an 8.3% decrease in omni-channel comparable sales, though partially offset by the addition of 28 new showrooms. Internet sales grew 12.1%, while showroom sales declined 7.8%.
The company reported a net loss of $4.9 million ($0.32 per share) compared to $2.3 million ($0.15 per share) in the prior year period. Gross margin improved to 58.5%, up 110 basis points. For fiscal 2025, Lovesac projects net sales between $660-680 million and net income ranging from $4.5-12.5 million.
The Lovesac Company (LOVE) has announced it will release its third quarter fiscal 2025 financial results before market open on Thursday, December 12, 2024. The company will host a conference call at 8:30 a.m. Eastern Time to discuss the results.
Lovesac is a Stamford, Connecticut-based technology-driven furniture company that designs and manufactures unique products including Sactionals (modular couches), Sacs (premium foam beanbag chairs), the Sactionals StealthTech Sound + Charge System, and the recently launched PillowSac™ Accent Chair. The company primarily sells its products online through www.lovesac.com and various retail channels.
Lovesac (LOVE) has launched the StealthTech Charge Side, a new wireless charging innovation for their Sactionals furniture line. The product embeds wireless charging capabilities into Sactionals Sides, allowing up to three charging stations per Side. As part of the launch, Lovesac is offering free device charging at all 300+ locations through the end of year. The company is also running a 30% discount on select styles from 11/8/2024 to 12/8/2024. The StealthTech Charge Side is available for purchase starting at $575 and represents Lovesac's fourth major innovation this year.
The Lovesac Company (LOVE) has launched the Sactionals Reclining Seat, an innovative power recliner that integrates seamlessly into their modular sectional system. The new product features invisible reclining technology that maintains the modern aesthetic while offering full functionality. Key features include: wall-hugging capabilities, flexible positioning within configurations, and compatibility with both Deep and Standard seating depths. The Reclining Seat comes with a lifetime guarantee on the frame and is compatible with over 150 washable, changeable covers. The product will be available for purchase starting November 20, 2024.
The Lovesac Company (Nasdaq: LOVE), known for its Sactionals, will host an Investor Day in New York City on December 17 at 10 a.m. Eastern Time. The event will feature presentations from senior leadership, including CEO Shawn Nelson, President and COO Mary Fox, and EVP and CFO Keith Siegner. They will provide an in-depth review of the company's strategic framework, new products, growth initiatives, operational excellence, and financial ambitions.
A live webcast will be available on the company's investor relations website, with an archived version accessible after the event. In-person attendance is and requires registration. Lovesac, based in Stamford, Connecticut, is a technology-driven company that designs and manufactures unique, high-quality furniture using its Designed For Life approach. Their product line includes Sactionals (modular couches), Sacs (premium foam beanbag chairs), and associated home decor accessories.
Lovesac (LOVE) has introduced AnyTable, a fully customizable table solution designed to transform living spaces. This innovative product seamlessly integrates with Sactionals, offering versatility as an in-line table, end table, or standalone coffee table. AnyTable comes in three stylish finishes and provides hidden storage options.
Alongside AnyTable, Lovesac has launched a refreshed set of Sactionals Accessories, including drink holders, trays, and coasters with matching finishes. The company is also unveiling the StealthTech Charge Side technology, offering invisible wireless charging capabilities as individually sold Sactionals Sides.
These product innovations demonstrate Lovesac's commitment to creating adaptable, long-lasting furniture solutions that evolve with customers' needs.
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