Lovisa (LOV) H2 2026 earnings summary

Executive summary

• Achieved total revenue of $938.8m for FY26, up 17.6% year-over-year, driven by global store network expansion and strong performance in the Americas (+29.6%) and Europe (+29.5%).

• Opened 160 new stores, bringing the total to 1,136 across more than 50 markets, with Europe and the Americas leading new store growth.

• Global comparable store sales rose 2.0% for the year.

• Gross margin improved by 60 basis points to 82.6%.

• Board announced a final dividend of AUD 0.33 per share, up 22% year-over-year.

Financial highlights

• Gross profit increased 18.4% to $775.3m at an 82.6% margin, up 60bps year-over-year.

• EBIT rose 14.1% to $158.2m; NPAT grew 10.7% to $95.6m; EPS up 10.5% to 86.3 cents.

• EBITDA rose 20.9% to $301.1m.

• Cash from operations before interest and tax was $294.5m, up 21%.

• Cash capital expenditure was $58.5m, mainly for new store fit-outs and refurbishments.

Outlook and guidance

• First 8 weeks of FY27 saw total sales up 16.4% (constant currency) and comparable store sales up 3.0% year-over-year.

• Expecting a similar pace of store openings in FY27, targeting around 160 new stores.

• Focus remains on global expansion, operational excellence, and maintaining strong margins.