The Lovesac Company (NASDAQ:LOVE) on Thursday reported mixed second-quarter fiscal 2027 results.

Adjusted EPS was a 35-cent loss, beating the 36-cent loss estimate, while sales of $161.245 million missed the $165.485 million estimate. Net sales rose 0.4% year over year.

Lovesac raised fiscal 2027 GAAP EPS guidance to 98 cents-$1.26 from 34 cents-81 cents, versus an estimate of $1.09. It lowered sales guidance to $690 million-$710 million from $700 million-$740 million, below the $715.275 million estimate.

For the third quarter, Lovesac expects sales of $140 million-$150 million, below the $159.835 million estimate, and a GAAP loss of 62 cents-83 cents per share versus an estimated 53-cent loss.

Shawn David Nelson, Chief Executive Officer, said, “Second quarter results reflected a record Q2 performance and came in within our guidance range against a choppy category backdrop. We continued to do what Lovesac has done throughout this cycle: execute with discipline, build the brand, and invest in innovation to drive long-term results. The high end of our business remained a clear source of strength, with resilience building as customers configure larger setups and add value enhancers like Reclining Seat, Lovesoft and Storage.”

Lovesac shares fell 4.3% to trade at $13.65 on Friday.

These analysts made changes to their price targets on Lovesac following earnings announcement.

  • Canaccord Genuity analyst Maria Ripps maintained the stock with a Buy and lowered the price target from $22 to $20.
  • DA Davidson analyst Michael Baker maintained the stock with a Buy and lowered the price target from $20 to $18.

Considering buying LOVE stock? Here’s what analysts think:

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