Jewellery retailer Lovisa has announced a 10.7% increase in earnings to $90.2 million, driven by an accelerated store rollout. Net profit also rose by 6.5% to $56.9 million. Comparable store sales, however, saw only a modest 0.1% uptick.
To facilitate continued growth, Lovisa plans to open more stores, expand its online presence, and introduce new product categories. The company also declared a stable interim dividend of 50¢ per share.
Despite the current economic climate, Lovisa remains optimistic about the future, citing its loyal customer base and aggressive expansion strategy.
