The Adore Beauty Group Ltd posted $200 million of revenue and a $2.4 million after-tax profit.
The company said while it was facing inflationary pressures and implementing cost control measures, it was also stepping up its investment in strategic initiatives to drive margin expansion.
?Owned brands are an important pillar in our long-term growth strategy, providing future expansion opportunities in new geographic regions and distribution channels, and delivering improved margins,? said outgoing chief executive, Tennealle O?Shannessy.
The online retailer?s shares have tumbled more than 11% following the announcement.