By Connor Hart
The Lovesac Company logged higher sales in its fiscal fourth quarter, despite operating in what Chief Executive Shawn Nelson called a challenging macroeconomic environment.
The furniture company on Thursday posted a profit of $32.1 million for its quarter ended Feb. 1, compared with $35.3 million a year earlier. Quarterly earnings of $2.19 a share topped analyst expectations for $1.99 a share, according to FactSet.
Sales climbed 2.7% to $248 million, ahead of Wall Street models for $242.8 million.
Lovesac last year faced tariff pressures, economic uncertainty and intense promotional activity, but the company adapted to the challenges effectively and ultimately drove meaningful progress on its strategic goals, Nelson said.
The company gained market share last year, he added, while also advancing its efforts to transform from a product-driven company into a multiroom and lifestyle brand.
Shares popped 16%, to $13.12, in premarket trading.
Looking ahead, Lovesac guided for per-share earnings of 34 cents to 95 cents on sales of $700 million to $750 million for the year. Analysts were looking for earnings of 84 cents a share on sales of $735.7 million.
For the current quarter, the company expects a per-share loss of $1.22 to 95 cents, compared with analyst views for a loss of 82 cents. Sales are projected to come in between $133 million and $139 million, below Wall Street models for $144.5 million.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
March 26, 2026 07:44 ET (11:44 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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