Lovesac’s (LOVE) Premium Sofas Shine While Entry-Level Buyers Stay Away
Lovesac (LOVE) reported record Q2 revenue of $161.2M, up 0.4%, driven by premium products and showroom sales. A $20M tariff refund boosted gross margin to 68.4%. However, core business lost $1.3M, with declines in lower-priced items and online sales. Management expects Q3 sales of $140M-$150M and a net loss of $9M-$12M.


