Lovisa Holdings Full Year 2024 Earnings: Revenues Disappoint

Lovisa Holdings (ASX:LOV) Full Year 2024 Results

Key Financial Results

• Revenue: AU$698.7m (up 17% from FY 2023).
• Net income: AU$82.4m (up 21% from FY 2023).
• Profit margin: 12% (in line with FY 2023).
• EPS: AU$0.75 (up from AU$0.63 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lovisa Holdings Revenues Disappoint

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the Europe segment contributing a total revenue of AU$230.4m (33% of total revenue). The largest operating expense was General & Administrative costs, amounting to AU$247.8m (51% of total expenses). Explore how LOV's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Australia.

Performance of the Australian Specialty Retail industry.

The company's shares are down 13% from a week ago.

Valuation

It's possible that Lovisa Holdings could be overvalued with our 6-factor valuation analysis indicating potential weakness. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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