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Adore Beauty Group (ASX:ABY) has released its financials for FY24, showing revenue jumped 7.4% to $195.7M compared to FY23.
Returning customers also jumped nearly 6% to 519,000 individuals compared to numbers for FY23. Active customerbase growth was slower in comparison to revenue and returning customer accrual, up just 1.6% vs pcp.
The company ended the FY24 period with an earnings margin of 2.2-2.5%. Revenue projections released Friday were unaudited.
Outgoing CEO Tamalin Morton is still around and a recruitment process to find a replacement is ongoing. Morton stays on-board until September.
“Adore Beauty continues to deliver revenue and active customer growth, even as cost-of-living pressures impact consumer sentiment and trading conditions more broadly,” Morton said.
“Our solid performance over FY24 has reaffirmed the resilience of both our business and the beauty and personal care category.”
ABY last traded at 86.5cps.
