Lovisa Holdings Ltd
LOV: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.S | LOCK|@@ | LOCK|JMTC<>m |
Lovisa Earnings: Store Additions and Gross Margin Expansion Underpin Double-Digit Profit Growth
No-moat Lovisa’s gross profit margins are expanding, successfully raising prices without materially affecting demand for its fast-fashion jewelry. We were previously expecting gross margins to weaken in fiscal 2024.
