Exhibit 99.1 THE LOVESAC COMPANY REPORTS THIRD QUARTER FISCAL 2025 FINANCIAL RESULTS Q3 FY25 Net Sales of $149.9 Million STAMFORD, Conn., December 12, 2024 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) ("Lovesac" or the "Company"), the home furnishing brand best known for its Sactionals, The World's Most Adaptable Couch, today announced financial results for the third quarter of fiscal 2025, which ended November 3, 2024. Shawn Nelson, Chief Executive Officer, stated, "Near-term headwinds for our ca ...

STAMFORD, Conn., Dec. 05, 2024 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) (“Lovesac” or the “Company”), the Designed for Life home and technology brand, today announced that it will release its financial results for the third quarter of fiscal 2025 before market open on Thursday, December 12, 2024. The Company will host a conference call at 8:30 a.m. Eastern Time to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 877-407-3982 (int ...

Featuring invisible wireless charging, embedded in a Sactionals Side, StealthTech Charge Side offers the ultimate convenience, letting you power your devices without the clutter of power cords. With the ability to add up to three charging stations in a single Side, you'll always have plenty of power at your fingertips. Like all StealthTech product line innovations, the Charge Side is designed with upgradable technology, allowing customers to easily stay up to date with the latest advancements. Charge Side s ...

Core Insights - The Sactionals Reclining Seat allows for customization in both new and existing Sactionals setups, maintaining a modern appearance while integrating a hidden reclining mechanism [1][2] - The Reclining Seat can be positioned anywhere in a configuration, offering flexibility that traditional recliners do not provide, and can transform between Deep and Standard seating depths [1][2] - The product is designed for smaller living spaces with wall-hugging recline capabilities, ensuring it can fully recline against a wall [2] - The Reclining Seat will be available for purchase starting November 20, 2024 [4] Company Overview - The Lovesac Company, based in Stamford, Connecticut, focuses on technology-driven furniture design, emphasizing durability and adaptability through its Designed for Life approach [5] - The product range includes modular couches (Sactionals), premium foam beanbag chairs (Sacs), and the Sactionals StealthTech Sound + Charge System, among others [5] - Lovesac has received the 7th Annual Champions of Sustainability Award, highlighting its commitment to responsible production and innovation [5]

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Company Overview - The Lovesac Company is based in Stamford, Connecticut, and is known for its technology-driven approach to designing, manufacturing, and selling high-quality furniture [3] - The company's product offerings include modular couches called Sactionals, premium foam beanbag chairs known as Sacs, and associated home decor accessories [3] - Lovesac emphasizes innovation in its design philosophy, with core products protected by a robust portfolio of utility patents [3] Investor Day Announcement - Lovesac will host an Investor Day in New York City on December 17, 2024, at 10 a.m. Eastern Time [1] - The event will feature presentations from senior leadership, including the CEO, COO, and CFO, focusing on the company's strategic framework, new products, growth initiatives, operational excellence, and financial ambitions [1] - A Q&A session will be included, and registration for in-person attendance is required due to space limitations [1] Webcast Information - A live webcast of the Investor Day will be available on the company's investor relations website [2] - An archived copy of the webcast will be accessible after the event for those unable to attend live [2]

Core Insights - The Lovesac AnyTable offers a customizable and versatile solution for enhancing living spaces, integrating seamlessly with the Sactionals product line [1][2][4] Product Features - AnyTable is available in three stylish finishes: Dark Brown, Weathered Grey, and Blonde, allowing it to complement various design aesthetics [1] - It can function as an in-line table, end table, or standalone coffee table, providing multiple uses such as storage for blankets and toys or as a dining surface [2][5] - The design includes hidden storage and is reverse-compatible, aimed at improving user convenience [3] Company Philosophy and Innovation - Lovesac focuses on creating product platforms that exceed category norms, with the AnyTable being a part of this vision [4] - The company emphasizes durability and adaptability in its products, allowing them to evolve with customer needs [7] - Alongside AnyTable, Lovesac has introduced updated Sactionals Accessories, enhancing the overall functionality and design of their offerings [4][5] Market Position and Offerings - The Lovesac Company, based in Stamford, Connecticut, is publicly traded on NASDAQ under the ticker LOVE and is known for its high-quality, technology-driven furniture [7] - The product lineup includes modular couches (Sactionals), premium foam beanbag chairs (Sacs), and the innovative StealthTech Sound + Charge System [7] - Lovesac's commitment to sustainability is highlighted by its receipt of Repreve's 7th Annual Champions of Sustainability Award, showcasing responsible production practices [7]

The Lovesac Company (LOVE) reported better-than-expected results in second-quarter fiscal 2025 (ended Aug. 4, 2024), with earnings and net sales beating the Zacks Consensus Estimate. On a year-over-year basis, net sales increased and the adjusted loss widened. The company's quarterly results benefited from the net addition of 31 new showrooms and a 7% increase in internet sales. This was partially offset by a 5.4% decline in omnichannel comparable net sales. During the quarter, the company opened 10 new sho ...

Core Points - The United States District Court for the District of Connecticut has approved a proposed class action settlement for purchasers of common stock of The Lovesac Company during the period from June 8, 2022, to August 16, 2023 [1][2] - The proposed settlement amount is $615,000 in cash, which aims to resolve all claims in the action [2] Settlement Details - A hearing is scheduled for December 9, 2024, to determine the fairness and adequacy of the proposed settlement, certification of the class action, and approval of the plan of allocation [3] - Members of the settlement class must submit a Claim Form by November 8, 2024, to be eligible for payment from the settlement [5] - Members wishing to exclude themselves from the settlement class must submit a request for exclusion by November 4, 2024 [6] Objections and Inquiries - Any objections to the proposed settlement or related motions must be filed with the court by November 4, 2024 [7] - Inquiries regarding the settlement should be directed to the Claims Administrator or Lead Counsel, not the court or defendants [8]

Core Viewpoint - Lovesac is navigating a slowing economy but anticipates strong results to conclude the fiscal year [1] Financial Performance - For Q2 of fiscal 2025, Lovesac reported net sales of nearly $157 million, aligning with its guidance of $152 million to $160 million, and a net loss of $5.9 million, better than the expected loss of $6 million to $8 million [2] - The company previously projected full-year net sales of up to $770 million but has revised this estimate to a high end of $735 million, with net income expectations adjusted from $27 million to $21 million [3] Stock Performance and Market Dynamics - Lovesac's stock experienced a significant increase of 25% following the Q2 results, but the stock is characterized by volatility due to its small-cap status and low float, which can lead to large price swings from small investor movements [4] - The company has a history of making substantial stock price movements that often revert back to previous levels [4] Business Model and Seasonality - Lovesac operates in the premium furniture market and has reported a net loss of $19 million in the first half of fiscal 2025, with expectations of an additional loss of at least $4 million in Q3 before a potentially strong Q4 [5] - The seasonality of the business is typical, and if the company meets its guidance, the stock is considered reasonably valued at around 20 times expected earnings [6]