Lovissa (ASX /:LOV) gave updates as part of its AGM on global comparable store sales in FY23 so far and their store network rollout.

From the announcement;

Global comparable store sales for the first 19 weeks of FY23 continued the strong trajectory from the first 7 weeks of the financial year and were up 16.1% on FY22 for the year to date, with total sales for this period up 60% on FY22.

47 net new stores opened for the year to date, including 61 new stores opened and 14 closures. This has taken the store network to 676 stores across 26 countries, including four new markets opened in recent months with Canada and Poland opened at the end of FY22, and since then our first stores established in Namibia and Hong Kong.

I'm happy to continue to hold in RL and on SM with a view to the " long-term", whatever that may be defined as, based on this announcement.

High frequency, small trades make for interesting intraday volatility. Down over 5% at the time of writing. LOV_Announcement_18th_Nov.pdf

Lovisa (ASX:LOV) provided a trading update today on the current trading conditions and their store network prior to their AGM.

Global comparable store sales for the first 20 weeks of FY22 were up 25.2% on FY21, with total sales for this period up 46.1% on FY21 despite lockdowns in Australia, New Zealand and Malaysia.

Comparable store sales are being measured based on stores open and able to trade, with stores temporarily closed due to government imposed lockdowns not included in their calculations.

Lovisa currently has 570 stores, with 31 new stores opened since the end of the 2021 financial year and 5 closures. They have been able to re-open all stores in our store network that had been temporarily closed as a result of COVID government restrictions.

Geographical coverage is now 21 countries. Store rollout progress for the year to date has been slower than they would like as a result of logistics delays and shortages of store build contractors in key growth markets.