Lovesac Reports Record Q2 Revenue Driven by Premium Segment Despite Entry-Level Challenges
Lovesac (NASDAQ:LOVE) reported record second-quarter revenue of $161.2 million, driven primarily by showroom sales and a one-time tariff refund that boosted gross margins to 68.4%. The company's premium sofa segment—configurations priced above $6,000—grew double digits year-over-year despite challenging comparisons. New store openings and improved conversion rates helped offset weaker foot traffic in showrooms. Meanwhile, the lower-price segments faced headwinds: omni-channel comparable sales fell 1.9%, online orders dropped by 5.3%, and Sacs revenue declined by 8.6%. The exit of a partnership with Best Buy also hurt
Tickers: $LOVE
Topics: furniture revenue_growth segment_performance tariff_refund