Key highlights

  • Lovisa Holdings Ltd (ASX:LOV) shares were priced at $25.31 as at 22 October 2026, down 0.32% on the day and down approximately 33.55% over the past year.
  • Lovisa reported FY26 revenue of $938.8 million, up 17.6%, and NPAT of $95.6 million, up 10.7%, with 160 new stores opened.
  • Gross margin rose 60 basis points to 82.6%, and comparable store sales rose 2.0%.

As at 22 October 2026, Lovisa Holdings Ltd (ASX:LOV) shares were priced at $25.31, down 0.32% on the day, and the share performance data shows the stock down approximately 33.55% over the past year. Lovisa is a global fast-fashion jewellery retailer with 1,136 stores at the end of FY26. Lovisa reported FY26 revenue of $938.8 million, up 17.6%, and NPAT of $95.6 million, up 10.7%, with 160 new stores opened.

About Lovisa Holdings Ltd: business overview

Lovisa Holdings Limited sells fashion jewellery and accessories through its Lovisa stores across Australia, Asia, Europe, the Americas and other regions, and is trialling a UK brand called Jewells.

FY26 results

In a full-year results announcement, Lovisa reported revenue of $938.8 million, up 17.6%, gross profit of $775.3 million, up 18.4%, EBITDA of $301.1 million, up 20.9%, EBIT of $158.2 million, up 14.1% and NPAT of $95.6 million, up 10.7%. EPS was 86.3 cents. Revenue growth reflected network expansion, with the Americas up 29.6% and Europe up 29.5%, and comparable store sales up 2.0%. Operating cash flow was $294.5 million, up 21.0%.

Margins, dividends and start to FY27

Gross margin rose 60 basis points to 82.6%. The final dividend was 33 cents, up 22.2% and 50% franked, and full-year dividends were 86 cents, up 11.7%. EBIT included start-up costs for the seven-store Jewells trial in the UK. For the first eight weeks of FY27, total sales rose 16.4% in constant currency and comparable store sales rose 3.0%, with improving momentum in August.

Related sector context

Retailers are influenced by household spending, consumer confidence, interest rates, supplier pricing and tariffs, and the timing of key trading periods. Companies commonly publish trading updates between full results, and report sales, gross margin, store networks and online share alongside profit. Yearly share price changes in the segment can reflect shifts in expectations for spending and housing-related demand as well as company-specific results.

Risks to weigh in

Comparable store sales growth was 2.0%, so growth relies on new stores, which add lease and fit-out costs. The final dividend is only 50% franked, and tariffs, currency, consumer demand and international expansion can affect outcomes.

Catalysts on watch

Items to watch include new store openings, the Jewells trial, comparable sales and the half-year result.

Wrapping up

Lovisa’s FY26 announcement recorded higher revenue, margins and dividends driven by store expansion, and a sales start to FY27 above the FY26 comparable rate. The next result will show whether it continues.