Lovisa recorded $798.1 million in revenue over the past 12 months, with profit increasing by 15 per cent on a year-on-year comparison.
The company opened 162 new stores in the past financial year, bringing the global portfolio to 1,041. This includes stores of the recently opened Jewells fine jewellery chain, launched by Brett Blundy earlier this year.
Newly appointed CEO John Cheston said that with Lovisa now operating in more than 50 markets, the company is well-positioned.
“It is an honour to be able to lead such an amazing global business and I am looking forward to maintaining our relentless focus on bringing brilliantly affordable fashion jewellery to the world,” Cheston said.
“I would also like to share my appreciation to the global Lovisa team for their hard work to be able to achieve these solid results.”
The statement noted that with a focus on expanding both physical and digital store networks, global expansion is expected to continue.
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