Added to YB: 2024-02-26
Pitch date: 2024-02-23
LOVE [neutral]
The Lovesac Company
-38.75%
current return
Author Info
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Company Info
The Lovesac Company designs, manufactures, and sells furniture. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and other products comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans.
Market Cap
$179.4M
Pitch Price
$22.45
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.49
P/E
15.56
EV/Sales
0.49
Sector
Household Durables
Category
growth
Lovesac - The fastest growing company in the furniture industry- A destination analysis
LOVE: Modular couches drive repeat sales in slow industry. Rev grew 7x in 6yrs but margins lag due to costs & low initial operating leverage. Added 50 showrooms in '23 but rev impact muted, growth may be plateauing. 1.2% share in fragmented mkt, brand & patents are moat but scaling tough. Fairly valued on growth prospects but needs new products. Mkt sees slower growth vs pre-COVID. Q4 key for growth rate & int'l potential.
Read full article (8 min)