Lovisa Holdings (ASX:LOV) Grows FY26 Revenue 17.6% to $938.8m as Global Store Count Hits 1,136

Sonal Goyal

26 August 2026 10:52 AM AEST

Lovisa Holdings (ASX:LOV) Grows FY26 Revenue 17.6% to $938.8m as Global Store Count Hits 1,136

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Key Highlights

Total Revenue increased 17.6% to $938.8 million, with comparable store sales up 2.0% and Gross Margin expanding 60 basis points to 82.6%.
The company opened 160 new stores during the financial year, taking the global store network to 1,136 stores, with EBIT rising 14.1% to $158.2 million.
Net Profit After Tax increased 10.7% to $95.6 million, while Operating Cash Flow rose 21.0% to $294.5 million.
The final Dividend increased 22.2% to 33 cents per share, 50% franked, bringing full-year dividends up 11.7% to 86 cents per share, representing 100% distribution of full-year earnings.

Lovisa Holdings Limited (ASX:LOV) has announced its Full Year 2026 results. Total Revenue was $938.8 million, up 17.6% on FY25, driven by continued growth in the store network, with the Americas up 29.6% and Europe up 29.5%, alongside global comparable store sales growth of 2.0% on the prior year.

Gross Profit increased 18.4% on FY25, with Gross Margin expanding 60 basis points to 82.6%, representing a 270 basis point improvement on FY23 following multiple years of gross margin expansion. The company attributed this to continued focus on sourcing and promotional efficiency. EBITDA increased 20.9% to $301.1 million, while EBIT was $158.2 million, up 14.1%, reflecting the impact of Investment in the start-up phase of Jewells, the company's seven-store trial Brand in the UK market.

Net Profit Before Tax increased 13.5% to $134.1 million, and Net Profit After Tax increased 10.7% to $95.6 million. Earnings per share rose 10.5% to 86.3 cents. Depreciation and interest expense both reflected growth in the store network, with depreciation of store fit-outs and Lease right-of-use Assets increasing in line with store numbers, and interest expense increasing due to the associated growth in lease liabilities.

Cash Flow and Dividend

Lovisa generated cash from operations before interest and tax of $294.5 million, up 21.0% on FY25, and is in a position to fund future store growth from existing cash flows, with new store and refurbishment investment fully funded internally. The strong cash flow and Balance Sheet position enabled the Board to declare a final dividend of 33.0 cents per share, 50% franked, taking full-year dividends to 86 cents per share, representing 100% distribution of full-year earnings and an 11.7% increase on the prior year.

Global Store Network Expansion

The company opened 160 new stores during the period, taking the global store network to 1,136 stores across more than 50 markets. Europe delivered the largest share of new store growth, with 76 new stores opened, including 34 in the UK and 20 in Germany. The Americas region saw continued momentum in both the US and Canadian markets, with 44 new stores opened across the region.

The company's ongoing focus on store network quality resulted in 43 underperforming stores being closed during the financial year, along with 12 relocations. Lovisa stated it will continue to focus on store profitability and will take action on stores not delivering to required levels of Return on Investment where landlords do not provide a profitable rent.

Trading Update and Outlook

Global Chief Executive Officer John Cheston said Lovisa delivered global sales and profit growth, highlighting continued growth in the Americas and Europe and an exceptional Gross Margin performance, crediting the global team's work in delivering the results and continuing the business's global momentum.

Trading for the first eight weeks of FY27 showed total sales up 16.4% on a constant currency basis compared with the same period in FY26, and comparable store sales up 3.0%, with improving momentum in August. The company said it continues to focus on opportunities to expand both its physical and digital store network, supported by a long new store runway and a strong balance sheet with available cash and Debt facilities to support continued investment in growth.

Conclusion

Lovisa's FY26 result reflects continued global expansion, with revenue, EBIT and profit all growing on the back of 160 new store openings and comparable sales growth across its store network. Gross margin expansion continued for a further year, and the company's cash generation supported a dividend payout representing the full distribution of earnings for the period. Early trading in FY27 points to a continuation of the sales momentum seen through FY26.

FAQs

Q: How much did Lovisa's revenue grow in FY26?

A: Total Revenue increased 17.6% to $938.8 million, driven by growth in the store network, with the Americas up 29.6%, Europe up 29.5%, and global comparable store sales up 2.0%.

Q: How many new stores did Lovisa open during FY26?

A: Lovisa opened 160 new stores during the financial year, taking the global store network to 1,136 stores across more than 50 markets, while also closing 43 underperforming stores.

Q: What was Lovisa's gross margin in FY26?

A: Gross Margin expanded 60 basis points to 82.6%, representing a 270 basis point improvement on FY23 following multiple years of gross margin expansion.

Q: What dividend did Lovisa declare for FY26?

A: The final dividend increased 22.2% to 33 cents per share, 50% franked, bringing full-year dividends to 86 cents per share, an 11.7% increase representing 100% distribution of full-year earnings.

Q: How is Lovisa trading in the early weeks of FY27?

A: For the first eight weeks of FY27, total sales were up 16.4% on a constant currency basis and comparable store sales were up 3.0%, with improving momentum in August.

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