Lovisa has posted a 15.3% rise in revenue for the fiscal year to $250 million.
The result was attributed to strong store growth, with 64 sites unleashed across the 2019 financial period.
While same-store sales fell 0.5%, MD Shane Fallscheer said weak trading conditions in the first half and a lack of trends was to blame.
"Whilst we are generally happy with our execution of meeting customer needs in product and in store execution for the year, we have not seen the same major trends in the fashion jewellery sector as we have seen in recent years that have helped drive strong comparable store sales in prior years consistently above our target growth range."
The retailer saw a 3% rise in net profit after tax to $37 million and a 2.8% increase in earnings before interest and tax to $52.5 million.
The profit rise occurred despite increased investment; including the appointment of several senior executives, the launch of eCommerce platforms, store rollouts and the relocation of its logistics hub from Hong Kong to China.
Lovisa credited an increase of 50 basis points in gross margin to 80.5% for easing fiscal pressures. This was due to higher USD hedge rates, a focus on inventory and promotional cycles.
Increased volumes and price gains are putting Lovisa on track for 2-5% same store sales growth in fiscal 2020.