Superb results6 May 2022 14:02
Revolution Beauty Group PLC on Friday said it expects to report financial 2022 results in line with expectations, as retail sales bounced back to pre-pandemic levels.
The beauty and personal care products maker and retailer saw continued positive momentum in the second half of the year ended February 28, with sales up roughly 44% compared to a year before.
It expects to report results in line with expectations, with revenue of GBP194 million, reflecting a 42% increase from the previous year. Adjusted earnings before interest, tax, depreciation, and amortisation is expected to amount to GBP22 million, up 73% on financial 2021.
Revolution credited its growth to a record fourth quarter that saw global retailer expansions with Boots UK Ltd and Walgreens Co, both part of Walgreens Boots Alliance Inc.
UK store sales grew 85%, supported by a post-pandemic recovery in footfall amongst its retail partners and a successful rollout of Makeup Revolution into Boots stores.
The US became Revolution's biggest single market in the year and delivered sales growth of roughly 27%.