Lovisa's Store Rollout Plans Challenged by Real-Estate Reality -- Market Talk

Dow Jones

2024/11/25

2142 GMT - Jefferies is less bullish about Lovisa's store rollout plans. Analyst John Campbell cuts expectations for Lovisa's footprint across FY 2025-2027, driving a 9.7% drop in the bank's price target to A$28.00/share. Jefferies now expects 79 net stores additions in the current year, down from 114. It highlights that finding quality store locations at the right rent is a constraint on Lovisa's growth. "Positively, Lovisa isn't opening stores just to meet expectations and we believe store economics are unchanged," says Jefferies. "But medium term, the only option is to accept lower store growth." Lovisa ended last week at A$27.19. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 24, 2024 16:42 ET (21:42 GMT)

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Analyst John Campbell cuts expectations for Lovisa's footprint across FY 2025-2027, driving a 9.7% drop in the bank's price target to A$28.00/share. Jefferies now expects 79 net stores additions in the current year, down from 114. It highlights that finding quality store locations at the right rent is a constraint on Lovisa's growth. \"Positively, Lovisa isn't opening stores just to meet expectations and we believe store economics are unchanged,\" says Jefferies. \"But medium term, the only option is to accept lower store growth.\" Lovisa ended last week at A$27.19. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 24, 2024 16:42 ET (21:42 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lovisa's Store Rollout Plans Challenged by Real-Estate Reality -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLovisa's Store Rollout Plans Challenged by Real-Estate Reality -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-25 05:42</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2142 GMT - Jefferies is less bullish about Lovisa's store rollout plans. Analyst John Campbell cuts expectations for Lovisa's footprint across FY 2025-2027, driving a 9.7% drop in the bank's price target to A$28.00/share. Jefferies now expects 79 net stores additions in the current year, down from 114. It highlights that finding quality store locations at the right rent is a constraint on Lovisa's growth. \"Positively, Lovisa isn't opening stores just to meet expectations and we believe store economics are unchanged,\" says Jefferies. \"But medium term, the only option is to accept lower store growth.\" Lovisa ended last week at A$27.19. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 24, 2024 16:42 ET (21:42 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFA.SI","symbol_name":"NikkoAM-STC Asia REIT","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2486714829","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486714829","pubTimestamp":1732484520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2142 GMT - Jefferies is less bullish about Lovisa's store rollout plans. Analyst John Campbell cuts expectations for Lovisa's footprint across FY 2025-2027, driving a 9.7% drop in the bank's price target to A$28.00/share. Jefferies now expects 79 net stores additions in the current year, down from 114. It highlights that finding quality store locations at the right rent is a constraint on Lovisa's growth. \"Positively, Lovisa isn't opening stores just to meet expectations and we believe store economics are unchanged,\" says Jefferies. \"But medium term, the only option is to accept lower store growth.\" Lovisa ended last week at A$27.19. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CFA.SI":"NikkoAM-STC Asia REIT","LOV.AU":"LOVISA HOLDINGS LTD","BK7128":"专卖店"},"translate_title":"Lovisa的商店推出计划受到房地产现实的挑战——Market Talk","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LOV.AU":0.9,"CFA.SI":1},"content_text":"2142 GMT - Jefferies is less bullish about Lovisa's store rollout plans. Analyst John Campbell cuts expectations for Lovisa's footprint across FY 2025-2027, driving a 9.7% drop in the bank's price target to A$28.00/share. Jefferies now expects 79 net stores additions in the current year, down from 114. It highlights that finding quality store locations at the right rent is a constraint on Lovisa's growth. \"Positively, Lovisa isn't opening stores just to meet expectations and we believe store economics are unchanged,\" says Jefferies. \"But medium term, the only option is to accept lower store growth.\" Lovisa ended last week at A$27.19. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 24, 2024 16:42 ET (21:42 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}