Adore Beauty Group Ltd. (AU:ABY) has released an update.
Adore Beauty Group Ltd. has announced that CEO Tamalin Morton will step down in September 2024 due to personal reasons, yet she will continue to provide strategic advice as a consultant. The company has shown strong Q3 FY24 performance, with an 8.9% revenue increase to $45 million and a significant growth in returning and active customers. Despite these positive results, Adore Beauty anticipates a challenging retail environment for the rest of the fiscal year due to economic pressures.
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