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Lovisa Holdings Ltd (ASX:LOV) has told investors that strong sales volumes and an increase in its number of stores have contributed to 6.5% profit growth – to $56.9 million in the first half of the 2025 fiscal year.
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That’s up from $53.5 million in the prior comparable period, the company added.
Earnings (or really, EBIT: Earnings before interest and tax) were 10.7% higher, for $90.2 million in HY25, while revenue had risen 8.8% to $405.9M.
During the period, the jewellery retailer opened up 57 new stores, bringing the total to 943 for the end of the half-year period (ending December 29). The openings included Lovisa’s first franchises in the Ivory Coast, the Republic of Congo, and Panama.
Chief executive officer Victor Herrero said the data reflected both the underlying retail strength of the company, but also its growth in stores.
“Lovisa has once again been able to deliver solid sales and profit growth, with the highlight another outstanding Gross Margin performance, and the store rollout accelerating in Q2,” Mr Herrero said.
“I want to again share my appreciation to the global Lovisa team for their hard work to be able to achieve these solid results.”
Lovisa Holdings has been trading at $29.30 today.
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