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
$31.77 |
Change
0.850(2.75%) |
Mkt cap ! $3.484B | |||
| Open | High | Low | Value | Volume |
| $30.97 | $32.13 | $30.95 | $4.930M | 155.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 130 | $31.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.78 | 649 | 2 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$31.80 |
Change
0.850 ( 3.20 %) |
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| Open | High | Low | Volume | ||
| $30.97 | $32.13 | $30.97 | 16168 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| LOV (ASX) Chart |