Key highlights

  • 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%.
  • Full-year dividends were 86 cents per share, up 11.7%, and the first eight weeks of FY27 showed total sales up 16.4% in constant currency.

Shares in Lovisa Holdings Ltd (ASX:LOV) ended 21 October 2026 at $25.39, up 0.48%. The S&P/ASX 200 Consumer Discretionary [XDJ] stood at 3,741.90, a rise of 0.34% (12.50 points), while the S&P/ASX 200 [XJO] was at 8,831.30, a rise of 0.16%, and the All Ordinaries at 8,956.60, a rise of 0.14%, at 5:00 pm GMT+11. Lovisa is a global fast-fashion jewellery retailer with 1,136 stores at the end of FY26.

What Lovisa does

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.

Sector context

Consumer discretionary companies depend on household spending, travel, leisure and housing activity, and they are tracked through the S&P/ASX 200 Consumer Discretionary index, which closed at 3,741.90, up 0.34%, on 21 October 2026 alongside a 0.16% rise in the S&P/ASX 200 to 8,831.30. Fashion accessory retailers rely on discretionary spending, store openings and sourcing efficiency.

Risks and uncertainties

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 to 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.