Adore Beauty targets tripled earnings by FY27

Australian e-commerce company Adore Beauty (ASX:ABY) is charting a growth trajectory, targeting a near-tripling of its core earnings by financial year 2027.

In a market update for the 47 weeks ended May 24, the online cosmetics retailer revealed a 7.4% jump in year-to-date revenue, reaching $193.4 million.

The surge was underpinned by a powerful 13.9% increase in new customer acquisition, proving that the brand’s digital pull remains exceptionally strong.

The company expects its full-year FY26 underlying EBITDA to land at approximately $4.0 million, supported by a stable second-half gross margin of 34.5%.

Management is aiming for a minimum of 10% top-line growth and forecasting an EBITDA explosion to between $9 million and $13 million.

The profitability leap will be heavily driven by aggressive brick-and-mortar expansion and major back-end operational overhauls.

Adore Beauty recently opened three new stores in New South Wales and Queensland, boosting its physical footprint to 20 locations, with five more storefronts slated for early FY27.

A freshly streamlined corporate head office is set to deliver $2.5 million in annualised savings, while a new 6,300-square-metre National Distribution Centre in Broadmeadows, Victoria, is on track to commission in Q1 FY27.

At the time of reporting, Adore Beauty’s share price was $0.36.