Lovisa reported a 17 per cent increase in revenue across the past financial year, reaching $938 million.
Equally impressive, the company’s gross profit increased by 18 per cent. CEO John Cheston attributed the performance to strong momentum in the American and European markets.
“I would like to share my appreciation to the global team for their hard work in delivering these outstanding results and continuing the global momentum of the business,” he said.
Lovisa opened 160 stores in 2026, expanding its network to 1,136 locations in more than 50 markets. Europe accounted for 76 new stores, including 34 in the UK and 20 in Germany, while the Americas added 44.
During the year, Lovisa closed 43 underperforming stores to maintain profitability. Early trading in the current financial year reportedly remains strong, with sales improving by a further 18 per cent across the first two months.
The company plans to further expand its physical and digital store network in existing and new markets amid fierce competition from newcomers, including Harli + Harpa.
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