Lovisa Holdings Ltd
LOV: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| #N% | LOCK|Xjh | LOCK|dxKlx@w> |
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%.
