Thu, Apr 10, 11:17 AM (32 days ago)
**The Lovesac Company (LOVE) Financial Summary:** **Financial Performance (in thousands):** - **Revenue:** $680,628 (2025), $700,265 (2024), $651,179 (2023) - **Net Income:** $11,556 (2025), $23,861 (2024), $26,488 (2023) - **Operating Income:** $13,648 (2025), $30,076 (2024), $36,966 (2023) - **Gross Profit:** $397,835 (2025), $401,043 (2024), $343,651 (2023) - **Gross Margin:** 58.5% (2025), 57.3% (2024), 52.8% (2023) **Operating Expenses:** - **Selling, General & Administrative (SG&A):** $281,450 (2025), $264,314 (2024), $215,979 (2023) - **Advertising & Marketing:** $88,027 (2025), $94,050 (2024), $79,864 (2023) - **Depreciation & Amortization:** $14,710 (2025), $12,603 (2024), $10,842 (2023) **Earnings Per Share (EPS):** - **Basic EPS:** $0.75 (2025), $1.55 (2024), $1.74 (2023) - **Diluted EPS:** $0.69 (2025), $1.45 (2024), $1.66 (2023) **Strategic Overview:** - **Product Focus:** Modular couches (Sactionals), premium foam beanbag chairs (Sacs), and immersive surround sound home theater system (StealthTech). - **Sales Channels:** Omni-channel platform including showrooms, e-commerce, and third-party retailers. - **Growth Strategies:** Expanding showroom base, enhancing e-commerce capabilities, and investing in marketing and advertising. **Future Outlook:** - **Capital Expenditures:** Projected to be $22.0 million to $28.0 million for fiscal 2026. - **Share Repurchase Program:** $40.0 million authorized, $20.1 million available as of February 2, 2025. **Risk Factors:** - **Economic Uncertainty:** Inflation, interest rates, housing market conditions, and consumer spending. - **Operational Risks:** Supply chain disruptions, labor shortages, and regulatory compliance. - **Market Position:** High competition in the furniture industry, reliance on e-commerce sales. **Financial Condition:** - **Cash and Cash Equivalents:** $83,734 (2025), $87,036 (2024) - **Lease Obligations:** $222.9 million, with $32.0 million payable within 12 months. **Market Position Changes:** - **Showroom Growth:** 257 showrooms as of February 2, 2025, with plans to increase. - **E-commerce Sales:** Significant portion of revenues, with continued growth expected.