Lovisa’s results met with disappointment
Fashion jewellery retailer Lovisa (ASX:LOV) shares plummeted sharply on Tuesday after the company's 2023-24 results were met with disappointment by analysts and investors.
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Lovisa Holdings Limited
Lovisa was created out of a need for on-trend fashion jewellery at ready-to-wear prices. Our trend spotting departments worldwide take inspiration from couture runways and current street style to deliver new, must-have styles to our customers.
Lovisa are a fashion-forward jewellery brand that caters to every woman, with 150 new styles being delivered to stores each week. We give exceptional customer service and apply our core belief, It’s about her, always to everything we do
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News
Trade Tidings: LOV, MHJ, ABY
Earnings reports from a few fashion and beauty sector stragglers yesterday: Adore, Michael Hill and Lovisa, with the latter delivering one of the season's best results from the retail space.
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LOV – Morgans rates the stock as Add
Add-rated Lovisa Holdings may yet become one of the biggest success stories in Australian retail, according to the analyst. The target falls to $21.50 from $24.00 on lower peer multiples.
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Lovisa is a Many-Splendored Thing
Global jewellery and accessories group Lovisa says it is continuing to see a sharp recovery in sales around the world, despite ongoing lockdowns and other disruptions.
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Retail Not So Breezy the Second Pandemic Around
The current spate of lockdowns will make 2020-21 annual reports look out-of-date if the update and comments from electronics and homegoods retailer JB Hi-Fi yesterday is any guide.
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LOV – Citi rates the stock as Neutral
Lovisa has announced the acquisition of 30 beeline stores in France as part of its existing agreement. This increases the estimated FY21 store count by 5%.
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New Wave Of Lockdowns Hits Lovisa
Lovisa told the ASX it had temporarily closed all 24 of its stores in France and 40 in the United Kingdom after governments reintroduced new lockdowns to try and control the latest wave of COVID-19 infections.
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Lovisa Eyes Retail Recovery As Sales Slump Slows
Shares in jewellery retailer Lovisa eased a touch yesterday even though the company revealed an improvement in first-quarter sales performance.
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