Ongoing bullish momentum: The shares of Lovisa Holdings Ltd (ASX: LOV) are continuing to witness positive momentum with the stock rising over 3.2% on September 08, 2017 following a rally of over 11.8% in last one month (as of September 07, 2017). The group reported a strong fiscal year of 2017 results, wherein the revenue enhanced 16.5% year on year (yoy) to $178.7 million. Gross margin rose 480 basis points to 78.8% while gross profit enhanced 24% yoy to $140.8 million. Same store sales rose 10.3% on a yoy basis driven by retail prices coupled with contribution from some major trends in the fashion jewelry sector throughout the year.
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