Adore Beauty (ASX:ABY) lifts revenue guidance 1HFY21

Company News

by Anna Napoli

Online cosmetics retailer Adore Beauty (ASX:ABY) has upped its revenue guidance for the first half of 2021 by 7 per cent to %$95.2 million from the prospectus forecast of $89.0 million.

The expected uplift in revenue is also anticipated to have a positive impact on the EBITDA forecast for the first half.

The increase comes on the back of better than expected promotional sales during November and strong sales throughout the COVID-19 lockdown period in Victoria.

The company says it has continued to scale, deliver content and meet the needs of our customers at a time when they need it most.

Shares in Adore Beauty (ASX:ABY) are trading 1.4 per cent lower at $6.41.