The Lovesac Company reported earnings results for the second quarter and six months ended July 30, 2023. For the second quarter, the company reported sales was USD 154.53 million compared to USD 148.53 million a year ago. Net loss was USD 0.635 million compared to net income of USD 5.85 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to basic earnings per share from continuing operations of USD 0.38 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to diluted earnings per share from continuing operations of USD 0.37 a year ago.
For the six months, sales was USD 295.72 million compared to USD 277.91 million a year ago. Net loss was USD 4.75 million compared to net income of USD 7.64 million a year ago. Basic loss per share from continuing operations was USD 0.31 compared to basic earnings per share from continuing operations of USD 0.5 a year ago. Diluted loss per share from continuing operations was USD 0.31 compared to diluted earnings per share from continuing operations of USD 0.48 a year ago.