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Highlights:
- Lovisa Holdings Ltd (ASX:LOV) reported a 6.5% increase in net profit to $56.9 million for HY25, up from $53.5 million in the prior comparable period.
- Earnings before interest and tax (EBIT) surged 10.7% to $90.2 million, while revenue climbed 8.8% to $405.9 million.
- 57 new stores were opened during the period, bringing the total to 943 stores worldwide, including first-time expansions into Ivory Coast, Republic of Congo, and Panama.
Lovisa Holdings Ltd (ASX:LOV) has reported a 6.5% rise in net profit for the first half of the 2025 fiscal year, reaching $56.9 million, compared to $53.5 million in the prior period. The jewellery retailer also saw earnings before interest and tax (EBIT) rise by 10.7% to $90.2 million, while total revenue increased by 8.8% to $405.9 million, highlighting continued strong consumer demand and strategic store expansion.
Store openings remained a key driver of growth, with 57 new locations added during the period, bringing Lovisa’s global store count to 943 as of December 29. The expansion included new franchise markets in Ivory Coast, the Republic of Congo, and Panama, marking the brand’s entry into new territories.
The retail network expansion aligns with Lovisa’s broader growth strategy, which focuses on increasing its global footprint while maintaining strong gross margins. The company's commitment to operational efficiency and targeted store rollouts has played a significant role in achieving this growth trajectory.
Chief Executive Officer Victor Herrero emphasized that Lovisa's results reflect both robust sales performance and successful execution of its expansion strategy. He highlighted the company’s ability to drive consistent profit growth while maintaining a strong gross margin performance.
The jewellery retailer continues to experience solid demand for its products across existing and new markets, demonstrating resilience in a competitive retail landscape. The accelerated store rollout in the second quarter has further positioned the company for sustained revenue growth.
With a global presence expanding into new regions and ongoing store openings, Lovisa remains focused on leveraging its established brand appeal to capture market opportunities. The company’s latest results underscore the effectiveness of its growth strategy and its ability to expand its retail footprint while maintaining financial strength.
