Label Vie (LBV) Q2 2024 TU earnings summary
Event summary combining transcript, slides, and related documents.
Q2 2024 TU earnings summary
13 Jun, 2025Executive summary
Revenue increased 5.4% year-over-year in Q2 2024, reaching MAD 3.96 billion.
11 new stores opened in H1 2024, with a target of 46 new stores for the full year.
Like-for-like sales grew 0.7% in Q2 2024 despite continued pressure on household purchasing power.
Financial highlights
Q2 2024 revenue: MAD 3,958 million, up 5.4% year-over-year; H1 2024 revenue: MAD 7,783 million, up 3.3%.
Like-for-like sales in Q2: MAD 3,389 million, up 0.7% year-over-year.
CAPEX in Q2: MAD 251 million (adjusted for Terramis divestment); H1 CAPEX: MAD 579 million.
Outlook and guidance
Over 35 new store openings planned for H2 2024 across all retail formats.
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