Adore Beauty (ASX:ABY) lifts revenue guidance 1HFY21
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.
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Source: Finance News Network
