The Lovesac Company (NASDAQ:LOVE) Q2 2024 Earnings Conference Call November 3, 2023 8:30 AM ET

Company Participants

Rachel Schacter - Investor Relations, ICR

Shawn Nelson - Chief Executive Officer

Mary Fox - President & Chief Operating Officer

Keith Siegner - Chief Financial Officer

Conference Call Participants

Thomas Forte - D.A. Davidson

Maria Ripps - Canaccord Genuity

Alex Fuhrman - Craig-Hallum Capital Group

Matt Koranda - ROTH Capital Partners

Operator

Ladies and gentlemen, good morning, and welcome to the Lovesac's Second Quarter Fiscal 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host Ms. Rachel Schacter of ICR. Please go ahead.

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 Keith Siegner, 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. I will start this call off by reviewing the highlights of our second quarter fiscal 2024, briefly providing an update on our operational accomplishments and finishing up with our outlook. Then Mary Fox, our President and COO, will update you on the progress we made against our strategic initiatives. And finally, Keith Siegner, our new CFO will review our financial results and a few other items related to our outlook in more detail.