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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Last
$32.87 |
Change
-0.140(0.42%) |
Mkt cap ! $3.605B | |||
| Open | High | Low | Value | Volume |
| $33.20 | $33.50 | $32.87 | $7.753M | 234.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 293 | $32.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.12 | 40 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LOV (ASX) Chart |