Business
Adore Beauty shares fall 16pc as guidance, customers fall short – The Australian Financial Review
Sales growth slowed to a still impressive 47 per cent in the March quarter but full year guidance fell short of forecasts.
The guidance implied full year revenue between $173 million and $178 million, falling slightly short of consensus forecasts around $188 million.
The e-tailers previous guidance was for full-year revenue to rise at a higher rate than the rate of growth achieved pre-COVID-19. Sales rose 39 per cent in 2019 and by 65 per cent to $121 million in 2020.
Ms OShannessy gave no profit guidance but said full-year earnings would reflect increased investment in marketing to drive revenue growth and gain market…
-
Business21 hours agoTop broker gives its verdict on Coles shares after 25% rise
-
Noosa News21 hours agoAndrew Burow: Link to alleged attacker uncovered in suspected murder of Kelvin Grove father
-
Business21 hours ago2 strong ASX ETFs to buy and hold forever
-
Business22 hours agoIs Nvidia’s increasing reliance on “Customer A” and “Customer B” a red flag for the AI growth stock?