The Lovisa Holdings Ltd (ASX: LOV) share price is in focus today as the company holds its annual general meeting (AGM) and provides a trading update. For the first 20 weeks of FY26, Lovisa’s global total sales jumped 26.2% compared to the same period last year, while comparable store sales rose 3.5%.
What did Lovisa report?
- Global total sales up 26.2% for the first 20 weeks of FY26 compared to FY25
- Global comparable store sales up 3.5% on FY25
- 44 net new stores opened financial year to date (62 opened, 18 closed/relocated)
- Total store network now 1,075 stores across more than 50 markets
- 148 more stores trading than the same time last year
What else do investors need to know?
Lovisa continued its international expansion apace, adding stores across all markets. The company now operates in more than 50 markets worldwideâa testament to its ongoing global rollout strategy.
The 18 store closures this year include six relocations, suggesting management remains focused on optimising store performance and locations. The company’s AGM today serves as a checkpoint update rather than a full results release.
What’s next for Lovisa?
Looking ahead, Lovisa plans to maintain its focus on global expansion by opening stores in both existing and new markets. Management says it will continue to monitor performance as it grows, with an eye on optimising the global store network.
Investors will be watching for the impact of continued store rollouts on sales trends and profitability in coming updates. A full financial result is expected at the company’s next scheduled reporting date.
Lovisa share price snapshot
Over the past 12 months, Lovisa shares have risen 30%, significantly outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 3% over the same period.
The post Lovisa holds AGM; provides a positive trading update appeared first on The Motley Fool Australia.
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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Lovisa. The Motley Fool Australia has recommended Lovisa. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.
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