Australia's Adore Beauty rises on upbeat qtrly results

Adore Beauty

14/10/2021 03:30

** Shares of online beauty retailer Adore Beauty  ABY.AX 
rise as much as 4.5% to A$5.15, their highest since Aug. 10
    ** Co says rev for Q1 FY22 rose 25% to A$63.8 mln ($47.05
mln)  urn:newsml:reuters.com:*:nASX6zFV
    ** Says strong rev was due to an increase in number of
active customers which were up 24% to 874,000
    ** Co continues to benefit from ongoing structural shift to
online, which has been further accelerated by recent COVID-19
lockdowns - ABY
    ** Stock set for second consecutive session of gains
    ** ~135,000 shares change hands vs 30-day avg volume of
127,000 shares 
    ** As of last close, stock fell 8.4% this year

($1 = 1.3559 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))