Lovesac returns to reported profit, helped by tariff refunds
Lovesac ($LOVE) reported a second-quarter net profit of $7.4 million, compared with a $6.7 million loss a year earlier, as revenue edged up 0.4% to $161.2 million. The headline improvement was heavily influenced by approximately $21 million in tariff refunds and related interest. Comparable sales declined 1.9%, indicating that underlying demand remained softer than the reported profit result might suggest. Adjusted EBITDA, which excludes the refund benefit, moved to a $1.3 million loss from a $0
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