Highlights in this regard include above 30% increase in total annual net sales to $651.5 million, total Comp Sales growth of 21.9% and an 8.7% increase in adjusted EBITDA to $60.4 million.
Wells fargo online statements only full#
Shawn Nelson, Chief Executive Officer, stated, “Amid considerable macroeconomic and consumer headwinds, Lovesac delivered very strong Q4 and Full Year 2023 results that drove tangible value for our shareholders, customers, associates and business partners. STAMFORD, Conn., Ma(GLOBE NEWSWIRE) - The Lovesac Company (Nasdaq: LOVE) (“Lovesac” or the “Company”), sustainable home furnishing brand best known for its Sactionals, The World's Most Adaptable Couch, today announced financial results for the fourth quarter and fiscal year 2023, which ended January 29, 2023. Net Income of $28.2 million in Fiscal 2023 compared to $45.9 million in Fiscal 2022Īdjusted EBITDA 1 Increased 51.0% to $48.3 million in Fourth Quarter from $32.0 million in Last Year QuarterĪdjusted EBITDA 1 Increased to $60.4 million in Fiscal 2023 from $55.5 million in Fiscal 2022
Net Income of $27.6 million in Fourth Quarter compared to $32.6 million in Last Year Quarter
Net Sale s Growth of 21.7% in Fourth Quarter and 30.8% in Fiscal 2023Ĭomparable Sales Growth of 16.2% in Fourth Quarter and 21.9% in Fiscal 2023
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