Low-price jeweller Lovisa has reported a 17.6 per cent jump in total revenue in FY26, hitting $938 million, with bottom-line performance all nudging into double-digit-percentage growth.
The company’s gross profit jumped 18.4 per cent to $775.3 million, with earnings before interest and tax up 14.1 per cent to $158.2 million.
At the bottom line, its net profit after tax (NPAT) grew by 10.7 per cent to $95.6 million.
Global CEO John Cheston said much of this growth was driven by momentum in the Americas and Europe, with gross margin also jumping by 60 basis points to 82.6 per cent
“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,” Cheston said.
The company also ended FY26 with 1,136 stores globally, up from 1,031 at FY25 end. This is below what some brokers were projecting, including UBS, which was predicting total stores of 1,152 by FY26 end.
Lovisa’s revenue for FY26 was also below UBS projections by around $10 million.
Trading for the first eight weeks of FY27 at Lovisa saw total sales lift by 16.4 per cent on a constant currency basis compared to the same period in FY26. Comparable store sales grew by 3 per cent, which is up from 2 per cent recorded for the full FY26 period. Lovisa reported improving momentum in August.
“We continue to focus on opportunities for expanding both our physical and digital store network, with structures in place to drive this growth in existing and new markets and formats, with a long new store runway supporting continued store rollout momentum,” the company reported.
“Our balance sheet remains strong with available cash and debt facilities supporting continued investment in growth.”
The company reported that its net cash position by FY26 end was $46.7 million. The Group closed the financial year with $40.3 million in net debt, an increase of $5.9 million on the prior year.
Lovisa did not share any update on Jewells in the United Kingdom, other than noting the trial is still ongoing, with seven stores accounted for by FY26 end.