Financial Performance - Fourth quarter net sales were $241.5 million, a decrease of 3.6% compared to the prior year period[5] - Fiscal year net sales totaled $680.6 million, down 2.8% from fiscal 2024, primarily due to a 9.3% decrease in omni-channel comparable net sales[6] - Net income for the fourth quarter increased to $35.3 million, or $2.13 per diluted share, representing a 14.1% increase compared to the prior year[9] - Net income for the thirteen weeks ended February 2, 2025, was $35.31 million, up from $30.95 million in the prior year, marking an increase of 14.5%[27] - Net income for the fifty-two weeks ended February 2, 2025, was $11,556,000, a decrease of 51.6% compared to $23,861,000 for the fifty-three weeks ended February 4, 2024[29] Profitability Metrics - Gross profit for the fourth quarter was $145.8 million, with a gross margin of 60.4%, an increase of 70 basis points year-over-year[5] - Gross profit for the same period was $145.78 million, representing a gross margin of 60.5%, compared to a gross profit of $149.64 million and a gross margin of 59.8% in the prior year[27] - Operating income increased to $47.60 million for the thirteen weeks ended February 2, 2025, compared to $40.38 million in the prior year, reflecting a growth of 17.5%[27] - EBITDA for the fifty-two weeks ended February 2, 2025, was $28,359,000, down 33.3% from $42,679,000 for the fifty-three weeks ended February 4, 2024[31] - Adjusted EBITDA for the fifty-two weeks ended February 2, 2025, was $47,787,000, a decrease of 11.6% compared to $54,020,000 for the fifty-three weeks ended February 4, 2024[31] Expenses and Costs - Total operating expenses decreased by 10.1% in the fourth quarter, leading to an operating income of $47.6 million, with an operating margin of 19.7%[9] - Selling, general and administrative expenses decreased to $67.62 million for the thirteen weeks ended February 2, 2025, compared to $76.30 million in the prior year, a reduction of 11.4%[27] - Cash paid for taxes increased to $8,447,000 for the fifty-two weeks ended February 2, 2025, from $1,810,000 for the fifty-three weeks ended February 4, 2024[29] - Equity-based compensation for the fifty-two weeks ended February 2, 2025, was $8,009,000, compared to $4,461,000 for the fifty-three weeks ended February 4, 2024[31] Assets and Liabilities - Cash and cash equivalents as of February 2, 2025, were $83.7 million, a decrease from $87.0 million as of February 4, 2024[13] - Total current assets increased to $246.60 million as of February 2, 2025, compared to $214.45 million as of February 4, 2024, reflecting a growth of 15%[25] - Total liabilities rose to $315.90 million as of February 2, 2025, compared to $264.68 million as of February 4, 2024, indicating an increase of 19.4%[25] - The company reported a decrease in accumulated earnings to $25.85 million as of February 2, 2025, down from $34.40 million in the prior year[25] Future Outlook - The company expects fiscal 2026 net sales to be in the range of $700 million to $750 million[14] - Adjusted EBITDA for fiscal 2026 is projected to be between $48 million and $60 million[14] - Adjusted EBITDA guidance for fiscal 2026 is not provided due to the uncertainty of future charges and costs, which include equity-based compensation expenses[18] Strategic Initiatives - The company added 27 new showrooms during fiscal 2025, bringing the total showroom count to 257[6] - The company continues to focus on enhancing long-term shareholder value through strategic investments and operational improvements[21] Cash Flow and Investments - Net cash provided by operating activities for the fifty-two weeks ended February 2, 2025, was $38,977,000, down 48.9% from $76,441,000 for the fifty-three weeks ended February 4, 2024[29] - The net cash used in investing activities for the fifty-two weeks ended February 2, 2025, was $21,517,000, a decrease from $29,211,000 for the fifty-three weeks ended February 4, 2024[29] - The company repurchased common stock amounting to $19,929,000 during the fifty-two weeks ended February 2, 2025[29]

Fourth Quarter Net Sales of $241.5 million Fiscal Year Net Sales of $680.6 million STAMFORD, Conn., April 10, 2025 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) (“Lovesac” or the “Company”), the Designed for Life home and technology brand best known for its Sactionals, The World's Most Adaptable Couch, today announced financial results for the fourth quarter and full year fiscal 2025, which ended February 2, 2025. Note: Lovesac's prior year fourth quarter and fiscal 2024 results contain an addition ...

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The Lovesac Company Was Recognized at Premier Innovation Awards Honoring Game-Changing BreakthroughsFORT MYERS, Fla., April 7, 2025 /PRNewswire/ -- The Edison Awards, now in its 38th year of recognizing the world's most impactful innovations, announced that The Lovesac Company has been honored with the Bronze Edison for Sustainable Consumer Solutions award at the prestigious April 3rd awards gala in Fort Myers, FL. Members of the Lovesac leadership team joined industry leaders, pioneering entrepreneurs, and ...

In its upcoming report, Lovesac (LOVE) is predicted by Wall Street analysts to post quarterly earnings of $1.80 per share, reflecting a decline of 3.7% compared to the same period last year. Revenues are forecasted to be $228.65 million, representing a year-over-year decrease of 8.7%.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a c ...

STAMFORD, Conn., March 27, 2025 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) (“Lovesac” or the “Company”), the Designed for Life home and technology brand, today announced that its fourth quarter and fiscal 2025 financial results will be released before market open on Thursday, April 10, 2025. 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 (internatio ...

MONTREAL, March 24, 2025 (GLOBE NEWSWIRE) -- Cannara Biotech Inc. (“Cannara”, “the Company”, “us” or “we”) (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB0), a vertically integrated producer of premium-grade cannabis and derivative product offerings at affordable prices with two mega facilities based in Québec spanning over 1,650,000 sq. ft., is pleased to announce the appointment of Mr. Justin Cohen to its board of directors (the “Board”) as an independent director. Mr. Cohen will also serve as a member of the Audit ...

Core Concept - The Lovesac Company is launching the "Recline of Civilization" campaign to promote its new Reclining Seat, positioning reclining as an aspirational lifestyle choice that counters the hustle culture prevalent today [2][4]. Product Overview - The Reclining Seat is designed to integrate seamlessly with the existing Sactionals product line, featuring a hidden reclining mechanism and customizable options such as seat depths, arm shapes, and back styles [5][6]. - Customers can choose from over 150 washable, interchangeable covers, enhancing the product's versatility and ease of maintenance [6]. Marketing Strategy - The campaign features notable personalities like Kathy Hilton, Jay Shetty, and Funny Marco, aiming to destigmatize relaxation and self-care while promoting the benefits of slowing down [3][4]. - The marketing message emphasizes the importance of rest for peak performance, aligning with the company's philosophy that comfort and relaxation are essential in today's fast-paced world [5]. Company Background - The Lovesac Company, based in Stamford, Connecticut, focuses on technology-driven furniture design, emphasizing sustainability and innovation in its product offerings [8]. - The company is recognized for its modular couches (Sactionals) and premium foam beanbag chairs (Sacs), and has received awards for its commitment to responsible production [8].

Core Viewpoint - Cannara Biotech Inc. is positioned as a leading producer in the Canadian cannabis market, emphasizing its financial performance, market share growth, and cost advantages due to its operations in Québec [3]. Company Overview - Cannara Biotech Inc. operates as a vertically integrated producer of premium-grade cannabis and derivative products, with two large facilities in Québec covering over 1,650,000 sq. ft. [1][5]. - The company has a potential annual cultivation output of 100,000 kg, leveraging low electricity costs in Québec to maintain affordable pricing for its products [5]. Upcoming Presentation - Cannara will present at the Ventum Capital Markets Canadian Cannabis Conference on March 12, 2025, from 1:40 PM to 2:00 PM EST, where the CEO and CFO will discuss the company's performance and answer investor questions [1][2]. Financial Performance - The company highlights its impressive financial performance and efficient scaling, contrasting its success with competitors who struggle with profitability [3].

Core Insights - The Lovesac Company has partnered with Habitat for Humanity to provide sustainable comfort solutions for families, focusing on creating stable and comfortable homes [1][5] - Lovesac has donated over $600,000 worth of products to Habitat for Humanity and is committing to an additional $150,000 in product donations this year [2] - The partnership will also involve active participation from Lovesac employees in volunteer efforts to support home construction and refurbishment [4] Company Overview - The Lovesac Company, based in Stamford, Connecticut, designs and sells high-quality furniture through its "Designed for Life" approach, which emphasizes sustainability and longevity [7] - The product line includes modular couches called Sactionals, premium foam beanbag chairs known as Sacs, and other customizable furniture solutions [8] - Lovesac's commitment to sustainability is recognized through awards such as Repreve's 7th Annual Champions of Sustainability Award [8] Partnership Details - The partnership aims to provide relief in disaster-impacted communities, with Lovesac pledging over $400,000 in product donations to support recovery efforts in areas like North Carolina and Los Angeles [3] - Habitat for Humanity's ReStores, where Lovesac products are sold, help fund local housing initiatives and improve community living conditions [2][6] - The collaboration is designed to create safe and stable homes for families, particularly in communities affected by natural disasters [5][6]