Lovisa Holdings Limited

ASX:LOV

Lovisa Holdings Limited

ASX:LOV
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$29.17 (+0.6%)
Last close price
#66
Rank
12
Held by
39
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Reports (7) My Report Forum Investors
Forum Topics LOV LOV Trading Update

Pinned straw:
Rick
Last edited 2 months ago

It looks like the first 20 weeks of FY26 have been a cracker for Lovisa! Total sales are up over 26% on FY25 driven by 44 net new stores and a 3.5% lift in comparable store sales. Analysts are forecasting c.19% revenue growth for FY26. At this stage it looks like the year is well on track to meet market expectations. Did I just hear Brett Blundy pop the cork on another expensive bottle of Champaign at his new Monaco residence?

Held IRL

LOVISA HOLDINGS LIMITED (LOV) ANNUAL GENERAL MEETING TRADING UPDATE

In advance of our Annual General Meeting today, we would like to provide an update on the status of the company’s store network and current trading conditions.

We continue to maintain our focus on expanding our global store footprint across all markets in which we operate, with 44 net new stores opened for the financial year to date, including 62 new stores opened and 18 closures (including 6 relocations). This has taken the store network to 1,075 stores across more than 50 markets, and we are currently trading from 148 more stores than this time last year.

Global total sales for the first 20 weeks of FY26 were up 26.2% on FY25, benefiting from the continued growth in the store network over the past year, with global comparable store sales up 3.5% on FY25 for this period.
Solvetheriddle
Added 2 months ago

@Rick im not sure about champagne popping, but we shall see. My FY26 stores and sales comps assumptions are 1131 stores, so +100 of which they have done 44 so far, more or less on track. Comps im assuming 3% and they are at 3.5%. so more or less in line, for both. what caught my eye was the churn with 62 additions and 18 closures i can't recall those types of numbers. indicates they are active in moving locations to what works, imo. One of LOV's advantages is the small store footprint.

Anyway, i sold some in the low $40s would buy back at $29, at this stage.

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Rick
Added 2 months ago

@Solvetheriddle I think you’re on the money with around $29 buy price! I just increased my valuation to $35, but I wouldn’t pay that. There’s a lot of risk with retailers.

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Rick
Added 2 months ago

Are you ready with your $29 bid @Solvetheriddle? It looks like the market is looking at store numbers, and not revenue!

13
Solvetheriddle
Added 2 months ago

@Rick i own a few as well, top 10 holding , so can be picky

14
Rick
Added 2 months ago

Haha. I’m in at $30.

14
PhilO
Added 2 months ago

Amazing that no serious competitor exists to Lovisa. They always seem to have this unobstructed growth runway with what appears to be a pretty simple formula. Their competitors complicate their business strategy by selling stuff like handbags and their previous large US competitor Claire’s looked more like a children’s school bag retailer than a fashion store (worth a google image search for a laugh). It doesn’t seem like a business that should benefit that much from scale and learning effects, yet they just keep ploughing on.

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DrPete
Added 2 months ago

Tough market. 26% revenue growth vs pcp. Shares are down 10%. Because LFL was 1-2% lower than expectations?

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Solvetheriddle
Added 2 months ago

@DrPete as a reasonably LT shareholder, its just normal vol, ive seen it so many times before. at the result, LOV released comps of 5.6% for the first 8 weeks, now 3.5%, so you can see the panic, its falling, oh no.

my net capital invested per share for LOV is 15c, and it's still a top 10 holding, why? The market overreacts up and down, continuously. you get huge buy and sell opportunities in this one, which is great. "Never interrupt your opponent when they are making a mistake, it's bad manners"

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