The online beauty retailer is facing inflationary pressures and is implementing cost control measures while at the same time doubling its investment in its own brands.
posted record revenue in fiscal 2022 but warned higher costs and subdued consumer sentiment was squeezing margin growth this year.implementing cost control measures, it was also stepping up its investment in strategic initiatives to drive margin expansion.support future revenue and margin expansion. While it does not expect to achieve an EBITDA margin of 2 per cent to 4 per cent this financial year, it still expects to remain profitable.
Adore’s first half faced tough comparisons with the year earlier period when most of Australia was in lockdown.Revenue in the first seven weeks of the new year was down 28 per cent on the prior period, but Adore said it expected to return to double-digit revenue growth in the second half. Active customers – those that bought items in the past 12 months – were 872,000, up 7 per cent on 2021. Returning customers were up 31 per cent on the prior year. Its firstEarnings before interest, taxes, depreciation and amortisation of $5.3 million with EBITDA margin of 2.7 per cent in line with guidance.No dividends were paid during the year ended 30 June 2022.