Australia's Lovisa Holdings drops to 9-month low on weaker same-store sales growth

Lovisa Holdings

19/02/2026 24:57

** Shares of Lovisa Holdings LOV.AX fall as much as 16.4% to A$25.94, hitting their lowest level since May 9, 2025

** Stock marks its weakest intraday trading session since August 27, 2024

** Co posts drop in same-store sales growth for first 7 weeks of 2H26 to 1.6%, down from 1H26 growth of 2.2%

** Jefferies says drop in same-store sales growth highlights reliance on footprint growth to sustain top‑line momentum

** Co, however, posts a 23.3% rise in HY total revenue to A$500.7 million ($352.59 million)

** Stock down 6.7% YTD, including the day's moves

($1 = 1.4201 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))