The Lovisa Holdings Ltd (ASX: LOV) share price is in focus today after the fashion jewellery retailer delivered a 23.3% jump in revenue to $500.7 million and a 2.6% rise in statutory profit after tax to $58.4 million for the first half of FY26.
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What did Lovisa report?
- Revenue from ordinary activities up 23.3% to $500.7 million
- Statutory net profit after tax (NPAT) up 2.6% to $58.4 million
- Underlying NPAT (excluding Jewells investment) up 21.5% to $69.6 million
- Gross profit up 23% to $411.6 million, with an underlying gross margin of 82.9%
- Interim dividend of 53.0 cents per share (50% franked), to be paid 26 March 2026
- Store network increased to 1,095 stores, with 85 new openings in the half
What else do investors need to know?
Lovisa continued its global store rollout, opening 85 new stores across all regions, while closing 21. The company saw comparable store sales rise 2.2% compared to the prior half. Ongoing investment in the Jewells start-up phase impacted statutory results, with Jewells incurring an EBIT loss of $10.8 million and an NPAT loss of $11.2 million for the period.
What's next for Lovisa?
Lovisa plans to continue investing in its global store network and support structures including logistics and technology to boost efficiency. The company will also maintain its focus on product cost management and inventory discipline as it looks to build on its momentum.
The start-up phase of the Jewells brand remains a focus, with investment expected to continue as the business positions itself for long-term growth. Management notes global economic conditions remain soft, particularly with ongoing inflation and interest rate pressures, but the group remains committed to executing its expansion strategy.
Lovisa share price snapshot
Over the past 12 months, Lovisa shares have risen 2%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 7% over the same period.
