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…
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