Lovisa Holdings Ltd. (AU:LOV) has released an update.
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Lovisa Holdings Ltd. has reported a robust financial performance for the full year 2024, with a significant revenue increase of 17.1% to $699 million and a 20.9% rise in net profit after tax, reaching $82.4 million. The jewelry retailer’s strategic expansion led to 128 new stores, driving gross margin growth to 81.0% and a strong operating cash flow improvement by 27.6%. Amidst this growth, the company also announced an unfranked final dividend of 37 cents per share, highlighting their solid cash position and commitment to shareholder returns.
For further insights into AU:LOV stock, check out TipRanks’ Stock Analysis page.
