Lovesac Q1 fiscal 2027 earnings: loss smaller than expected
Key takeaways
- For fiscal 2027, Lovesac revised its net sales guidance to a range of $700 million to $740 million, a reduction of $10 million from the top of its previous forecast.
- At $0.76 per share, the quarterly loss proved considerably narrower than the $1.05 per share hit that analysts had anticipated.
- Those headwinds were partially offset by a 330-basis-point improvement in product margin from price increases and cost-reduction initiatives.
Lovesac Q1 fiscal 2027 earnings: loss smaller than expected Quartz · Cheng Xin / Getty Images Cris Tolomia Thu, June 11, 2026 at 7:15 PM GMT+7 2 min read LOVE Lovesac reported a first-quarter net loss of $11.1 million on Thursday and trimmed the top end of its full-year sales guidance, citing ongoing tariff pressures on its cost structure.
For fiscal 2027, Lovesac revised its net sales guidance to a range of $700 million to $740 million, a reduction of $10 million from the top of its previous forecast. On the earnings side, the per-share guidance floor remained unchanged at $0.34, while the upper bound was pulled back to $0.81 from $0.95.
At $0.76 per share, the quarterly loss proved considerably narrower than the $1.05 per share hit that analysts had anticipated. Revenue of $138.2 million for the quarter ended May 3 edged past the $136.3 million consensus estimate and was little changed from the $138.4 million recorded in the same period a year ago, according to the Wall Street Journal.