Adore sales glow as lockdown spurs growth
Key Points
- Revenue ($m): 179.3, up 48.1pc
- Pre-tax profit ($000): 46 from 898
- Net profit ($): 845,000 from 1.3m loss
Lockdowns have reignited sales growth at Adore Beauty, which is taking advantage of the pandemic-inspired demand for at-home beauty treatments as the $11 billion market shifts online.
Adore Beauty’s sales rose 26 per cent in July and August, after slowing to just 3 per cent in the June quarter, when Australia’s largest pure-play online beauty retailer group worked overtime to match a surge in demand during the initial phase of the pandemic in 2020.
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