How did LOVE's revenue and expenses trend in Q3 2025 compared to previous quarters?

**Lovesac Co (LOVE) experienced a decline in revenue and certain expenses in Q3 2025 compared to previous quarters.**

1. **Revenue Trend**:
- In Q3 2025, Lovesac's net revenue fell by 3.6% to $241.5 million compared to the previous quarter's revenue of $250.5 million.
- For the full fiscal year 2025, net sales decreased by 2.8% to $680.6 million compared to the previous year's $700.3 million.
2. **Expense Trend**:
- SG&A (Selling, General and Administrative) expenses decreased to 28% of net sales in Q4 2025, down from 30.5% in the prior year.
- Advertising and Marketing Expenses decreased to $26.8 million, which is 11.1% of net sales, compared to the previous year.
3. **Profitability**:
- Despite the revenue decline, Lovesac reported a significant increase in net income, which rose by 14.1% to $35.3 million in Q4 2025 compared to the previous year.
- The gross margin improved to 60.4% in Q4 2025, up from 59.7% in the previous year, driven by reductions in inbound and outbound transportation costs.

In conclusion, while Lovesac faced a challenging revenue environment in Q3 2025 with a decline in net sales, the company demonstrated strategic cost management and improved profitability metrics.