Lovisa shares slump on like-for-like sales slowdown
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More news: Lovisa shares dropped after the retail chain reported a slowdown in like-for-like sales during the first months of the 2026 financial year.
Shares were down 10.1% to $31.32 at 12:45pm AEDT. The stock is up 16.8% over the last 12 months.
RBC Capital Markets analyst Wei-Weng Chen said Lovisa's total sales growth has been "solid", up 26% year on year compared to consensus estimates of 22% growth for the first-half period.
However, like-for-like sales growth of 3.5% is below average forecasts of 5.3%, and shows a deceleration from Lovisa's August trading update of 5.6%.
What they said: "Limited details were provided that might explain why sales were better despite softer like-for-likes," said Chen.
"We believe this dynamic could be an outcome related to store roll-outs in higher revenue regions."
Lovisa posts 26% rise in sales on growing global store network
The news: Jewellery retailer Lovisa has reported a 26% jump in global sales for the first 20 weeks of FY26, compared to the prior corresponding period.
The numbers: Global comparable store sales were up 3.5% for the same period.
Lovisa said its total sales figures were boosted by the continued growth in the store network over the past year.
The group added 44 net new stores for the financial year to date, including 62 new store openings and 18 closures. Lovisa's network now comprises 1,075 stores globally, up by 148 stores compared to a year ago.
The source: ASX
