Lovisa Holdings (ASX: LOV) focuses on store network expansion to drive revenue growth.

Tue 07 Nov 23, 12:37 PM | Team Kalkine

Image source: Pixabay

Lovisa Holdings Limited (ASX: LOV) is an ASX-listed fast fashion jewellery retailer engaged in retailing fashion accessories and jewellery for women.

With a market capitalization of AUD 2.13 billion, the company delivered 33.09% growth in revenue to AUD 596.5 million in the financial year 2023 (FY23). The period saw a 31.47% YoY rise in EBIT to AUD 105.7 million and 20.1% YoY grow in NPAT to AUD 68.2 million, driven by the hike in prices in the third quarter to manage inflationary impact on operating costs.

During the reported period, LOV opened 210 new stores across 12 new markets.

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