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An announcement from Adore Beauty Group Ltd. ( (AU:ABY) ) is now available.
Adore Beauty Group Ltd. has successfully completed the acquisition of iKOU, with the initial integration phase already in place and performing as expected. The company has outlined a robust three-year omni-channel strategy targeting a significant revenue increase and EBIT margin doubling, supported by the expansion of owned brands and disciplined inventory management. This strategic direction is underscored by a substantial increase in customer base and the planned opening of new stores, positioning Adore Beauty for accelerated growth and a stronger market presence.
More about Adore Beauty Group Ltd.
Adore Beauty Group Ltd. operates in the beauty and personal care industry, focusing on providing a range of cosmetics and skincare products. The company is known for its commitment to developing omni-channel strategies and expanding its retail presence.
YTD Price Performance: -10.22%
Average Trading Volume: 47,685
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$78.45M
Learn more about ABY stock on TipRanks’ Stock Analysis page.
