Successful Product Launches
Fiscal 2025 was a prolific year for product launches, including the PillowSac Accent Chair, Reclining Seat, and AnyTable. The Reclining Seat sold over 18,500 units, with a nearly 50-50 split between new and repeat customers, and exceeded expectations.
Strong Financial Performance
Gross margin increased to nearly 59% for fiscal 2025, providing flexibility to navigate macroeconomic conditions. The company ended the fiscal year with a healthy balance sheet, including $83.7 million in cash and no borrowings.
Market Share Gains
Despite challenging macroeconomic conditions, Lovesac achieved market share gains for fiscal 2025, demonstrating the strength of its business model and product offerings.
New Leadership Appointment
Heidi Cooley joined as Chief Brand and Marketing Officer, bringing 20 years of experience, including transforming the Crocs brand into a multibillion-dollar business.