Trading update RNS26 Jan 2022 08:08
· Strong Christmas Sales - In line with our expectations, revenues over the peak Christmas trading period increased 41% year-on-year on an underlying* basis. This was achieved despite a volatile consumer backdrop with many of our markets going into lockdown.
· USA Retailer Expansion - We are pleased to confirm our roll out into over 2800 Walgreens' stores In Q1 FY23 (with Pipefill in Q4 FY22) and the launch of our Haircare category. Revolution Beauty's Haircare product, Plex, will roll out into 870 Target stores towards the end of this month. The successful expansion into the US demonstrates Revolution Beauty's ability to challenge the mass beauty category globally, with large high-profile listings.
· Makeup Revolution Launches in Boots - The Masterbrand of Makeup Revolution commences its launch into Boots stores on 21 February rolling out into the top 336 Boots stores across the UK. This will see Revolution Beauty sell its products across four categories - Cosmetics, Skincare, Haircare and Gifting - within the UK's leading Health and Beauty Retailer.
· Direct to Consumer Division - Revolutionbeauty.com grew sales by 50% year-on-year for the month of December with returning visitors to the website increasing by 23% year-on-year. As predicted at Interim Results in November, Revolution Beauty's Christmas Advent Calendar sold out on RB.com, selling over 100,000 units. Our three localised websites in the UK, Australia and USA delivered encouraging results across our new categories of Haircare and Fragrance.