The Lovesac Company reported earnings results for the third quarter and nine months ended October 29, 2023. For the third quarter, the company reported sales was USD 154.04 million compared to USD 134.78 million a year ago. Net loss was USD 2.34 million compared to USD 7.36 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to USD 0.48 a year ago. Diluted loss per share from continuing operations was USD 0.15 compared to USD 0.48 a year ago.
For the nine months, sales was USD 449.76 million compared to USD 412.7 million a year ago. Net loss was USD 7.09 million compared to net income of USD 0.273 million a year ago. Basic loss per share from continuing operations was USD 0.46 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.46 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.