May 24, 2026, 3:16 PM EDT. Lovisa Holdings Ltd (ASX: LOV) shares dropped 48% since August 2025 despite strong fundamentals. The jewellery retailer operates 1,089 stores globally and reported a 6% rise in interim dividends to 53 cents in FY26 half-year results. With revenue up 22.7% and net profit increasing 21.5%, Lovisa's expanding store network and rising margins underpin growth. The company boasts an 82.9% gross profit margin, up from 77.2% in FY21, and a forecasted FY28 dividend yield of 6.1% including franking credits. Analysts cite its global expansion and dividend growth as key attractions for income and total returns investors.