Lovesac Co. Files 10-Q for Period Ending May 5, 2024

Ticker: LOVE · Form: 10-Q · Filed: 2024-06-13T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, retail

TL;DR

Lovesac's Q1 2024 10-Q is in. Check financials for the latest.

AI Summary

Lovesac Co. filed its 10-Q for the period ending May 5, 2024, reporting its financial performance. The company's fiscal year ends on February 2, 2025. Key financial data and balance sheet information as of May 5, 2024, and February 4, 2024, are detailed within the filing.

Why It Matters

This filing provides investors with an update on Lovesac's financial health and operational performance, crucial for understanding the company's current standing and future prospects.

Risk Assessment

Risk Level: medium — The filing contains standard financial disclosures, but the retail furniture sector can be sensitive to economic downturns.

Key Players & Entities

Lovesac Co. (company) — Filer of the 10-Q
May 5, 2024 (date) — End of reporting period
February 2, 2025 (date) — End of fiscal year
February 4, 2024 (date) — Previous balance sheet date

FAQ

What is the reporting period for this 10-Q filing?

The reporting period for this 10-Q filing is the quarter ended May 5, 2024.

When does Lovesac Co.'s fiscal year end?

Lovesac Co.'s fiscal year ends on February 2, 2025.

What is the SEC file number for Lovesac Co.?

The SEC file number for Lovesac Co. is 001-38555.

What is the company's primary business address?

The company's primary business address is Two Landmark Square, Suite 300, Stamford, CT 06901.

What SIC code is associated with Lovesac Co.?

The Standard Industrial Classification (SIC) code associated with Lovesac Co. is 5712, for Retail - Furniture Stores.

From the Filing

0001628280-24-028040.txt : 20240613 0001628280-24-028040.hdr.sgml : 20240613 20240613160707 ACCESSION NUMBER: 0001628280-24-028040 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 55 CONFORMED PERIOD OF REPORT: 20240505 FILED AS OF DATE: 20240613 DATE AS OF CHANGE: 20240613 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Lovesac Co CENTRAL INDEX KEY: 0001701758 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FURNITURE STORES [5712] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 320514958 STATE OF INCORPORATION: DE FISCAL YEAR END: 0204 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-38555 FILM NUMBER: 241041270 BUSINESS ADDRESS: STREET 1: TWO LANDMARK SQUARE, SUITE 300 CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 203-817-2279 MAIL ADDRESS: STREET 1: TWO LANDMARK SQUARE, SUITE 300 CITY: STAMFORD STATE: CT ZIP: 06901 10-Q 1 love-20240505.htm 10-Q love-20240505 FALSE 0001701758 02/02 2025 Q1 713 713 xbrli:shares iso4217:USD iso4217:USD xbrli:shares love:showroom xbrli:pure utr:D love:segment 0001701758 2024-02-05 2024-05-05 0001701758 2024-06-10 0001701758 2024-05-05 0001701758 2024-02-04 0001701758 2023-01-30 2023-04-30 0001701758 us-gaap:CommonStockMember 2024-02-04 0001701758 us-gaap:AdditionalPaidInCapitalMember 2024-02-04 0001701758 us-gaap:RetainedEarningsMember 2024-02-04 0001701758 us-gaap:RetainedEarningsMember 2024-02-05 2024-05-05 0001701758 us-gaap:AdditionalPaidInCapitalMember 2024-02-05 2024-05-05 0001701758 us-gaap:CommonStockMember 2024-02-05 2024-05-05 0001701758 us-gaap:CommonStockMember 2024-05-05 0001701758 us-gaap:AdditionalPaidInCapitalMember 2024-05-05 0001701758 us-gaap:RetainedEarningsMember 2024-05-05 0001701758 us-gaap:CommonStockMember 2023-01-29 0001701758 us-gaap:AdditionalPaidInCapitalMember 2023-01-29 0001701758 us-gaap:RetainedEarningsMember 2023-01-29 0001701758 2023-01-29 0001701758 us-gaap:RetainedEarningsMember 2023-01-30 2023-04-30 0001701758 us-gaap:AdditionalPaidInCapitalMember 2023-01-30 2023-04-30 0001701758 us-gaap:CommonStockMember 2023-01-30 2023-04-30 0001701758 us-gaap:CommonStockMember 2023-04-30 0001701758 us-gaap:AdditionalPaidInCapitalMember 2023-04-30 0001701758 us-gaap:RetainedEarningsMember 2023-04-30 0001701758 2023-04-30 0001701758 us-gaap:ShippingAndHandlingMember 2024-02-05 2024-05-05 0001701758 us-gaap:ShippingAndHandlingMember 2023-01-30 2023-04-30 0001701758 love:ShowroomsMember 2024-02-05 2024-05-05 0001701758 love:ShowroomsMember 2023-01-30 2023-04-30 0001701758 love:InternetMember 2024-02-05 2024-05-05 0001701758 love:InternetMember 2023-01-30 2023-04-30 0001701758 love:OtherMember 2024-02-05 2024-05-05 0001701758 love:OtherMember 2023-01-30 2023-04-30 0001701758 us-gaap:NonUsMember us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2023-01-30 2023-04-30 0001701758 us-gaap:NonUsMember us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2024-02-05 2024-05-05 0001701758 us-gaap:RestrictedStockUnitsRSUMember 2024-02-05 2024-05-05 0001701758 us-gaap:RestrictedStockUnitsRSUMember 2023-01-30 2023-04-30 0001701758 us-gaap:EmployeeStockOptionMember 2024-02-05 2024-05-05 0001701758 us-gaap:EmployeeStockOptionMember 2023-01-30 2023-04-30 0001701758 us-gaap:WarrantMember 2023-01-30 2023-04-30 0001701758 love:WellsFargoBankMember us-gaap:LineOfCreditMember 2018-02-06 0001701758 love:WellsFargoBankMember us-gaap:LineOfCreditMember 2022-03-25 0001701758 love:WellsFargoBankMember us-gaap:LineOfCreditMember 2022-03-25 2022-03-25 0001701758 love:WellsFargoBankMember us-gaap:LetterOfCreditMember 2022-03-25 0001701758 love:WellsFargoBankMember love:SwingLineLoansMember 2022-03-25 0001701758 love:WellsFargoBankMember us-gaap:LineOfCreditMember 2024-05-05 0001701758 love:WellsFargoBankMember us-gaap:LineOfCreditMember 2024-02-04 0001701758 love:RothCapitalPartnersLLCMember love:CommonStockWarrantMember 2018-06-29 2018-06-29 0001701758 love:RothCapitalPartnersLLCMember love:CommonStockWarrantMember 2018-06-29 00017017