ASX:LOVSpecialty Retail
Lovisa (ASX:LOV) Shares Reflect Growth Strength And Rising Valuation Pressure
Lovisa Holdings stock has been on a strong run into these results, with the shares up roughly 29% over the past month, and investors already pricing in a lot of good news. The headline tonight is that the jewellery retailer delivered solid growth in a tougher consumer backdrop, with full year net profit after tax of A$95.6m and total sales of A$938.8m on a trailing twelve month basis.
The real story for long term holders is not today’s price tick. It is whether earnings growth, a trailing net...