Adore Beauty Group Ltd. (AU:ABY) has released an update.
Adore Beauty Group Ltd. reports robust financial growth for the FY24 with a 7.4% increase in annual revenue and a significant 661% rise in EBITDA, reflecting strong customer retention and operational efficiencies. The company’s strategy yielded a high rate of returning customers and a record 71% brand awareness in its core demographic. Looking ahead, Adore Beauty has acquired iKOU to enhance its private label offerings and is set to open two retail concept stores in FY25.
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