Lovesac Co (OQ:LOVE)

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
IR: See website
Key People
Andrew R. Heyer
Chairman of the Board
Jack Krause
President, Chief Operating Officer
Shawn David Nelson
Chief Executive Officer, Director
Donna L. Dellomo
Chief Financial Officer, Executive Vice President, Treasurer, Secretary
Business Overview
The Lovesac Company is an Omni-channel company that designs and manufactures modular couches and bean bags. The Company markets its modular couches under the name, Sactionals and its bean bags under the name, Sacs. The Sactionals are couch systems that consists of seats and sides. The Company has 66 showrooms in the United States. It also sells its products in malls and through online sites. The Company provides its products in a range of colors and fabrics and customizes the products in configuration and styles. It also offers accessories that include drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans.
Financial Overview
For the 13 weeks ended 02 May 2021, Lovesac Corevenues increased 52% to $82.9M. Net income totaled $2.1Mvs. loss of $8.3M. Revenues reflect Retail Sales - Totalincrease from $18.1M to $49M. Net Income reflectsMerchandise Margins - Total - % increase of 11% to 55.6%.Basic Earnings per Share excluding Extraordinary Itemsincreased from -$0.58 to $0.14.
Employees: 369 as of Jan 31, 2021
Reporting Currency: U.S. Dollars
Enterprise value: $845.45M as of May 2, 2021
Annual revenue (TTM): $349.28M as of May 2, 2021
EBITDA (TTM): $33.12M as of May 2, 2021
Net annual income (TTM): $25.14M as of May 2, 2021
Free cash flow (TTM): $21.67M as of May 2, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 15,095,160 as of Jun 7, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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