Business
Adore Beauty half year results: Sales soar 85pc after online beauty binge – The Australian Financial Review
Sales surged 85 per cent and active customers rose 82 per cent as women indulged in at-home beauty treatments during the pandemic.
However, after taking into account $6.2 million in costs associated with its $635 million float last October and share-based payments, statutory EBITDA fell $760,000 into the red. The net profit followed a $4.1 million tax benefit.
Adore Beauty was a big winner from the pandemic as women spending more time at home treated themselves with face masks, skin care products, fragrances and scented candles.
A year after buying a 60 per cent stake, private equity firm Quadrant took advantage of the pandemic-inspired…
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