Lovesac Co. (LOVE), a direct-to-consumer specialty furniture brand, on Wednesday reported net income for the fourth quarter that soared three-fold to $21.7 million or $1.37 per share from $5.4 million or $0.37 per share in the previous-year quarter.
Net sales for the quarter grew 40.7 percent to $129.7 million from $92.2 million in the year-ago period, driven by comparable sales growth of 45.0 percent and a surge in Internet sales of 86.1 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.