Adore Beauty (ASX:ABY) share price lower despite upgrading guidance

The Adore Beauty Group Ltd (ASX: ABY) share price has dropped lower again on Tuesday following the release of an announcement.

At the time of writing, the online beauty retailer’s shares are down 1.5% to $6.40.

What did Adore Beauty announce?

This morning Adore Beauty provided the market with an update on its performance since listing on the Australian share market at the end of October.

According to the release, the company’s sales during the Black Friday and Cyber Weekend promotional sales period were stronger than it was expecting.

In addition to this, management revealed that its sales during the first half have been boosted by the extension of the COVID 19 lockdown in Victoria.

What does this mean for the first half?

In…