Lovesac Co (OQ:LOVE)
Business Focus: N/A
| Sector: Consumer Cyclicals | Industry: Home Furnishings |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2 Landmark Sq Ste 300 STAMFORD CT 06901-2410 |
| Tel: | 1-203-6828200 |
| Website: | https://www.lovesac.com |
| IR: | See website |
| Key People | ||
| Andrew R. Heyer Chairman of the Board | Mary Fox President, Chief Operating Officer | Shawn David Nelson Chief Executive Officer, Director |
| Keith Siegner Chief Financial Officer, Executive Vice President | Carly Kawaja Chief People Officer | |
| Business Overview |
| The Lovesac Company is a technology-driven company that designs, manufactures, and sells furniture. Its product offering consists of modular couches called Sactionals, premium foam beanbag chairs called Sacs, and their associated home decor accessories. Its Sactional products include several patented features relating to their geometry and modularity, coupling mechanisms and other features. The Sac product line offers about five different sizes, ranging from 35 pounds to 95 pounds with the capacity to seat more than three people on the larger model Sacs. Its Other product line offers Sactional-specific drink holders, Footsac blankets, decorative pillows, fitted seat tables and ottomans in varying styles and finishes and its Sactionals Power Hub. It markets and sells its products primarily online directly at www.lovesac.com, supported by direct-to-consumer touch-feel points in the form of its own showrooms as well as through shop-in-shops and pop-up-shops with third party retailers. |
| Financial Overview |
| For the fiscal year ended 04 February 2024, Lovesac Co revenues increased 8% to $700.3M. Net income decreased 10% to $23.9M. Revenues reflect Sactionals segment increase of 9% to $637.4M, Retail Sales - Total increase of 10% to $437.4M, Online Sales - Total increase of 13% to $199.8M. Net income was offset by Selling, general and administrative expe increase of 22% to $264.3M (expense). |
| Employees: | 909 as of Feb 4, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $275.11M as of Feb 4, 2024 |
| Annual revenue (TTM): | $700.27M as of Feb 4, 2024 |
| EBITDA (TTM): | $46.18M as of Feb 4, 2024 |
| Net annual income (TTM): | $23.86M as of Feb 4, 2024 |
| Free cash flow (TTM): | $47.23M as of Feb 4, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 15,489,688 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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