Fashion brand Lovisa
(ASX:LOV) has recorded a 19 per cent increase in sales in the six months to December 2017, compared to the previous year.
Christmas and Boxing Day sales performed ahead of expectations, delivering comparable store sales growth of 7.4 per cent for the first half of the 2018 financial year.
The company has 319 stores in its network that traded during this period.
Based on this performance, the company expects EBIT for the first half year to December to be in the range of $34.5 to $35 million, a lift on the previous year between 22 and 24 per cent.
Chief Executive Officer Steve Doyle said it is pleasing that the business has been able to maintain the solid start to the year as the company continues to roll out its stores globally.
The final half year results for the 2018 financial year will be released on Wednesday 21 February 2018.
Shares in Lovisa
(ASX:LOV) last traded 12 per cent higher to $7.56.
