Lovesac introduces multi-year financial algorithm at Investor Day

The Lovesac (LOVE) Company will host an Investor Day, December 17, 2024, at 10:00 am ET. Interested parties may access the webcast of the event, related published materials and a replay of the event by accessing Lovesac’s IR website at https://investor.lovesac.com/. The event will feature presentations by members of Lovesac’s leadership team, followed by a live question-and-answer session. CEO, Shawn Nelson, President and COO Mary Fox, Executive Vice President and FO, Keith Siegner, and other members of the senior leadership team will provide an in-depth review of the company’s strategic framework, new products, growth initiatives, commitment to operational excellence, and financial ambitions. In connection with the event, the Company has introduced a multi-year financial algorithm. The Company estimates a normalized year to achieve the following: Annual Net Sales Growth of +10% to +15%; Gross Margin Rate of 59% to 60%; Advertising & Marketing of ~12.5% of Net Sales; Annual Adjusted EBITDA Margin Rate Expansion of 50 basis points to 100 basis points; and Annual EPS Growth of at least 25%.