Lovesac swings to $10.9M operating income on $21.0M tariff refunds; net income $7.4M

Filed September 10, 2026 · Period ending August 2, 2026 · Compared to 10-Q Sep 11, 2025 · ~1 min read

Key Changes

• high

  Operating income swung from a loss of $8.8 million to income of $10.9 million, driven by $21.0 million in IEEPA tariff refunds and gross margin expansion.

  MD&A: Operating income verify on EDGAR →
• high

  Net income improved to $7.4 million from a loss of $6.7 million, with diluted EPS of $0.51 versus a loss of $0.45.

  MD&A: Net income verify on EDGAR →
• high

  Gross margin expanded 1,200 basis points to 68.4%, primarily due to tariff recoveries and product margin improvement.

  MD&A: Gross margin verify on EDGAR →