On the move yet again.Up 72 cents today to $19.68.
Printable View
On the move yet again.Up 72 cents today to $19.68.
From Livewire's Jun Bel Llu.:.
I would call it a big year next year, it's because it's got a new CEO. And also, its earnings are going through a transition - a transition as in this business was impacted significantly by COVID-19. All the shops were shut, even though you can buy trinkets online, but Lovisa's is very much tailored towards events. There were no weddings, no events, pretty much.
In 2022, when the world reopens, this company will have very, very strong earnings. In the first quarter of the year, they have already said that the first 20 weeks of the year, it will be doing over 25%, like for like. And over 40% total sales growth. That's just an incredible amount of growth. With the new CEO, he's brought with him very significant experience across Emerging Asia, China and India.
So, we think there'll be a lot of focus on those markets and that will continue to grow. The company has such a unique business model and it creates such excitement within its store. It really brings customers to itself. If it can replicate that around the world, their addressable market's enormous. So, Lovisa is the one that I think will do great in 2022.
nice result!
LOV share price recovering well from a bit of a dive
Lovista - still a real opportunity in (potentially) volatile times ahead.....you could argue it is still a classic compound growth stock.
Why Lovisa (ASX: LOV) Is A Rare Gem Of An ASX Retail Stock
https://arichlife.com.au/why-lovisa-...-retail-stock/