What changed
LOVE printed Q2 FY27 GAAP EPS of $0.51, swinging from a $(0.45) loss last year. Revenue rose 0.4% YoY to $161M. FY27 EPS guidance is $0.98-$1.26, with Q3 FY27 guided to a $(0.83)-$(0.62) loss. The quarter included a $0.86 per share net benefit from IEEPA tariff refunds, which drove the swing to profitability.
Why it matters
LOVE printed Q2 FY27 GAAP EPS of $0.51, swinging from a $(0.45) loss last year. Revenue rose 0.4% YoY to $161M. FY27 EPS guidance is $0.98-$1.26, with Q3 FY27 guided to a $(0.83)-$(0.62) loss. The quarter included a $0.86 per share net benefit from IEEPA tariff refunds, which drove the swing to profitability.