Accessories chain Lovisa has had a rough week on the share market.
The company's market value dropped by $138 million yesterday, after announcing flat earnings guidance for the financial year.
The retailer expects earnings to be between $23.5 million and $25.5 million, compared with $24.8 million last year.
The flat forecast saw shares slump 36%, hitting a low of $2.20.
As reported yesterday, the retailer has been battling gross margin erosion due to the falling Australian dollar.