Lovisa Holdings reported an 18% increase in annual revenue for the fiscal year ended June 30, 2026, as global expansion offset declines in Australia and Asia. Total revenue reached $938.8 million, up 17.6% from the prior year, while gross profit rose 18.4% to $775.3 million.
The jewelry retailer’s gross margin expanded by 60 basis points to 82.6%, marking a 270-basis-point improvement since fiscal 2023. EBITDA grew 20.9% to $301.1 million, and net profit after tax increased 10.7% to $95.6 million. Earnings per share rose 10.5% to 86.3 cents, while the company declared a full-year dividend of 86 cents per share, a 11.7% increase and a 100% payout of net profit.
Regional performance varied, with the Americas and Europe leading growth at 29.6% and 29.5%, respectively. Australia and New Zealand saw a 5.7% decline in sales, while Asia reported a 3.8% decrease. Africa and the Middle East grew 12.8%. Comparable store sales increased 2.0% globally.
Lovisa’s store network expanded to 1,136 locations across more than 50 markets by year-end, including 160 new openings. The company closed 43 underperforming stores and relocated 12, resulting in a net addition of 105 stores. Six new franchise markets were launched in Reunion, Mauritius, Ghana, Kenya, Burkina Faso, and Iraq. The United States remained the largest market with 250 stores, followed by Australia with 185 and the United Kingdom with 111.
The retailer also advanced its Series 5 store concept, rolling out 53 upgraded locations featuring enhanced design elements such as a store-in-store piercing studio and dynamic digital displays. An additional 28 Series 5 stores are planned for the first half of fiscal 2027.
Lovisa’s net cash from operations rose 21% to $294.5 million, with capital expenditure totaling $58.5 million, primarily for new store fitouts. Net debt stood at $40.3 million, while committed cash term debt facilities were extended to $120 million for three years.
Early trading in fiscal 2027 showed continued momentum, with total sales up 16.4% on a constant currency basis over the first eight weeks. Comparable store sales grew 3.0% during the same period. The company expects to open approximately 160 new stores in fiscal 2027.
