The Lovesac Company (LOVE) Q2 2022 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Stamford furniture maker Lovesac posts record results, makes comeback after downsizing
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Sales associate Sean Baker shows one of the “sactionals” available at the Lovesac store in downtown Westport, Conn.Ned Gerard / Hearst Connecticut Media
STAMFORD A year ago, furniture maker Lovesac had temporarily closed its showrooms and announced it would cut most of its workforce in response to the onset of the coronavirus pandemic.
Since then, its prospects have improved dramatically as it has benefited from a boom in furniture sales driven by the increased time millions of Americans are spending at home during the pandemic. The Stamford-based company has re-opened its stores and filled many of the positions affected by the downsizing, as it has markedly grown its customer base.
Operator
Greetings and welcome to The Lovesac s fourth-quarter fiscal 2021 earnings call. [Operator instructions] A question-and-answer session will follow the formal presentation. [Operator instructions] As a reminder, this conference is being recorded. I d now like to turn the conference over to your host, Rachel Schacter, with ICR.
Thank you. You may begin.
Rachel Schacter
Investor Relation
Thank you. Good morning, everyone. With me on the call is Shawn Nelson, chief executive officer; Jack Krause, president and chief operating officer; and Donna Dellomo, chief financial officer. Before we get started, I would like to remind you that some of the information discussed will include forward-looking statements regarding future events and our future financial performance.