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Adore sales glow as lockdown spurs growth

Sue Mitchell

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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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com

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    Original URL: https://www.afr.com/companies/retail/adore-beauty-makes-modest-maiden-profit-20210830-p58n0t