The Lovesac Company announced its financial results for the second quarter of fiscal 2026, with a 2.5% increase in net sales to $160.5 million compared to Q2 FY25.
The company continues to focus on market share gains through growth initiatives across product platforms and efficient customer acquisition strategies.
Operational discipline and innovation investments support the transformation of Lovesac into a multi-faceted home brand with a clear strategic roadmap.
Net Sales Growth
Net sales increased by 2.5% to $160.5 million in Q2 FY26 compared to the previous year.
Gross Margin Decrease
Gross margin declined by 260 basis points to 56.4% due to higher transportation costs and increased promotional discounting.
SG&A Expense Reduction
SG&A expenses decreased by 2.1% driven by lower professional fees and other overhead costs.
Showroom Expansion
16 new showrooms were added, contributing to the increase in omni-channel comparable net sales.
- The financial performance reflects the company's ability to navigate industry challenges while focusing on long-term growth and brand evolution.
- Despite headwinds, Lovesac's strategic initiatives and operational efficiencies are positioning it as a leading home brand in America.
The Lovesac Company's Q2 FY26 results demonstrate a balanced approach to growth and operational efficiency, setting the stage for continued success in the evolving market landscape.