Adore Beauty FY23 Results Presentation August 2023

Adore Beauty, Australia's leading pureplay online beauty retailer, reported FY23 results showing revenue of $180.6M with improved profitability driven by cost optimization and margin enhancement programs. H2 FY23 revenue returned to growth of 0.5% supported by record sales events and high-quality brand positioning. The company demonstrated operational efficiency gains with gross margin improvement to 33.1% and operating EBITDA returning to positive 0.7% in H2.