The Lovesac Company announced on March 26, 2026, that its Board of Directors authorized the repurchase of up to an additional $40 million of outstanding common stock, expanding its existing share repurchase program to approximately $54.1 million. This reflects confidence in the business outlook and positions the company to return capital to shareholders while funding growth.
Key takeaways
Board of Directors authorized additional $40 million repurchase of common stock on March 26, 2026
Total share repurchase program expanded to approximately $54.1 million
Program funded through existing cash and future free cash flow
Repurchases at management discretion via open market purchases, privately negotiated transactions, or accelerated share repurchases
Keith Siegner, Executive Vice President and Chief Financial Officer, highlighted healthy balance sheet and liquidity through credit facility