Lovisa Holdings Ltd

LOV: XASX (AUS)
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Lovisa Earnings: Weakening Sales Momentum and Cost to Build Second Pillar Rattle Investors

Lovisa's first-half sales jumped 23% year on year. The global store rollout is the key growth driver. Like-for-like sales growth was weak, up only 2%. Lovisa is investing in proving a new concept, upmarket jewelry retailer Jewells, in the UK. Shares dropped 13%.

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