How much of Lovesac’s revenue comes from haram?
Lovesac earns its revenue from designing and selling furniture.
Its products include modular couches, premium foam beanbag chairs, and furniture-associated home decor accessories.
Practical Islamic Finance concludes:
None of Lovesac’s revenue comes from anything inherently haram.
Does Lovesac rely on interest to operate?
|
Most Recent Quarter ended 5/1/2022 |
Fiscal year ended 1/30/2022 |
Fiscal year ended 1/31/2021 |
|
|---|---|---|---|
| Interest Expense | $35 | $200 | $200 |
| Total Operating Expenses | $126,735 | $459,844 | $305,613 |
| Interest Expense / Total Operating Expenses |
0.03% | 0.04% | 0.07% |
Practical Islamic Finance concludes:
Riba is used but not relied upon in The Lovesac Company operations.
What is Lovesac’s Environmental, Social, and Governance (ESG) impact?
Environment
According to Lovesac, the company uses recycled kraft cardboard to ship its products.
Social
Lovesac has a Glassdoor rating of 3.4 out of 5.0 from over 200 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.
Governance
No notable governance highlights.
Practical Islamic Finance concludes:
Lovesac has a net positive ESG impact.
Comfort Rating
From Lovesac’s business, financial, and ESG reviews, Practical Islamic Finance rates Lovesac stock as:
