I used to think that too however the LFL sales suggest otherwise. The economy has slowed and retail has been hit and as much as I used to think Lovisa will be immune or somewhat immune, that hasn't turned out to be the case. AX1 LFL down only 2% compared to Lovisa's ~7% so I have ignored the lipstick effect in my investment thesis.
Ann: AGM Trading Update November 2023, page-17
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 (20min delay)
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Last
$31.26 |
Change
0.110(0.35%) |
Mkt cap ! $3.428B | |||
| Open | High | Low | Value | Volume |
| $31.01 | $31.39 | $30.85 | $8.548M | 274.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 121 | $31.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.26 | 1 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$31.32 |
Change
0.110 ( 0.22 %) |
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| Open | High | Low | Volume | ||
| $31.05 | $31.39 | $30.85 | 31176 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| LOV (ASX) Chart |