The Lovesac Company (NASDAQ:LOVE) Q1 2023 Earnings Conference Call June 8, 2022 8:30 AM ET

Company Participants

Rachel Schacter - ICR, IR

Shawn Nelson - CEO

Mary Fox - President and COO

Donna Dellomo - CFO

Jack Krause - Chief Strategy Officer

Conference Call Participants

Thomas Forte - D.A. Davidson

Maria Ripps - Canaccord

Brian Nagel - Oppenheimer

Camilo Lyon - BTIG

Matt Koranda - ROTH Capital

Alex Fuhrman - Craig-Hallum Capital Group

Operator

Greetings. Welcome to Lovesac First Quarter Fiscal 2023 Earnings Conference Call. [Operator Instructions] Please note, this conference is being recorded.

I will now turn the conference over to Rachel Schacter of ICR. Thank you. You may begin.

Rachel Schacter

Thank you. Good morning, everyone. With me on the call is Shawn Nelson, Chief Executive Officer; Mary Fox, 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. These include statements about our future expectations, financial projections and our plans and prospects. Actual results may differ materially from those set forth in such statements.

For a discussion of these risks and uncertainties, you should review the company's filings with the SEC, which includes today's press release. You should not rely on our forward-looking statements as predictions of future events. All forward-looking statements that we make on this call are based on assumptions and beliefs as of today, and we undertake no obligation to update them, except as required by applicable law.

Our discussion today will include non-GAAP financial measures, including EBITDA and adjusted EBITDA. These non-GAAP measures should be considered in addition to and not as a substitute for or in isolation from our GAAP results. A reconciliation of the most directly comparable GAAP financial measures to such non-GAAP financial measure has been provided as supplemental financial information in our press release.

Now I'd like to turn the call over to Shawn Nelson, Chief Executive Officer of The Lovesac Company.

Shawn Nelson

Thank you, Rachel. Good morning, everyone, and thank you for joining us today.

Today, we will start by reviewing the highlights of our first quarter fiscal 2023 performance and then discuss Lovesac's strong positioning within the industry. Then Mary Fox, our President and COO, will update you on the progress we made against our strategic initiatives this quarter. And finally, Donna Dellomo, our CFO, will review our financial results and a few other items related to our outlook in more detail. Jack Krause, Chief Strategy Officer, is also in the room to participate in the Q&A session.