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$32.37 lovisa holdings limited

mmm looks like retail still trending backwards

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signalone

449 Posts.

23

22/11/23

08:44

Post #: 71034213
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Originally posted by justinp: ↑

In advance of our Annual General Meeting today, we would like to provide an update on the status of the company’s store network and current trading conditions.

Global comparable store sales for the first 20 weeks of FY24 were down 6.2% on FY23 for the year to date, with total sales for this period up 17% on FY23, benefiting from continued growth in the store network over the past year.

We continued our focus on expanding our store footprint through the first 20 weeks of the financial year, with 35 net new stores opened for the financial year to date, including 55 new stores opened and 20 closures (including 12 related to the conversion of our UAE franchise business to company owned). This has taken the store network to 836 stores across 40 markets, with one new franchise market opened for the year to date in Ecuador in September. Compared to this time last year we are currently trading from 160 more stores in 14 additional markets, and expect to open our first stores in Vietnam and mainland China over the coming month.

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mmm looks like retail still trending backwards

LOV Price at posting: $18.26 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $32.37		Change -0.310(0.95%)		Mkt cap ! $3.550B

Open	High	Low	Value	Volume
$32.96	$33.11	$31.67	$6.828M	211.4K

Buyers (Bids)

No.	Vol.	Price($)
1	271	$32.22

Sellers (Offers)

Price($)	Vol.	No.
$32.37	630	2

View Market Depth

No.	Vol.	Price($)
2	699	32.140
1	646	32.130
1	646	32.090
1	3419	32.080
1	648	32.050

Price($)	Vol.	No.
32.370	368	1
32.400	699	2
32.420	646	1
32.470	646	1
32.520	646	1

Last trade - 16.10pm 26/06/2024 (20 minute delay)

LOV (ASX) Chart