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.
Read MoreTag: LOV
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.
Read MoreLOV – 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.
Read MoreLOV – Morgans rates the stock as Add
The Add rating and $24 target are retained.
Read MoreLOV – Morgans rates the stock as Add
Add retained, target rises to $24.00 from $22.24.
Read MoreLovisa 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.
Read MoreRetail 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The current spate of lockdowns will make 2020-21 annual reports look out-of-date if the update and comments from electronics and homegoods retailer JB Hi-Fi yesterday is any guide.
Read MoreLOV – 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%.
Read MoreNew 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.
Read MoreLovisa 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.
Read MoreRetail Shutdown Takes Shine Off Lovisa
COVID-19 related lockdowns whacked the 2019-20 revenue and earnings of mass-market jewellery chain Lovisa in the year to June, closing stores, halting sales to the point where nearly 60 stores in its 440-plus global network still closed and the company has decided to exit the Spanish market.
Read MoreVirus Havoc: Myer Slumps, Nine & Bluescope Drop Guidance, Afterpay Under Siege
Shares in troubled department store Myer plunged by more the 44% yesterday for no apparent reason.
Read MoreLOV – Morgans rates the stock as Add
Lovisa Holdings’ FY19 result outpaced Morgans estimates by roughly 3% to 5%, thanks to strong revenue from acceleration in like for like sales.
Read MoreLovisa Adds To Retail Pain
Shares in jewelry retailer Lovisa fell more than 20% yesterday after it revealed its strong sales growth momentum of the past four years had come to a sudden halt in the early weeks of the 2018-19 financial year.
Read MoreGrowing Retailer Lovisa Loses CEO
Shares in fast growing budget jewellery retailer Lovisa will be under pressure today after the company revealed after trading yesterday that CEO, Steve Doyle was quitting.
Read MoreInvestors Fall Out With Lovisa
Shares in jewellery retailer, Lovisa (LOV), fell 8% at one stage yesterday after it once again disappointed investors with a weak result.
Read MoreShine Goes Off Lovisa
Ouch, another retailer hits the dump button with an earnings downgrade from budget jewellery retailer Lovisa (LOV), and down went the shares.
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