27th Sep 2021 10:43
Revolution Beauty Group PLC - AIM-listed beauty products retailer - Expects to report GBP78 million revenue in six months to August 31, up 35% year on year.
"The board remains confident in achieving full year market expectations and has a number of exciting new initiatives and developments that are expected to continue to underpin strong revenue growth throughout the second half," company explains.
Sees uptick in sales as beauty industry enters its seasonal peak trading period of September to November. Notes it does not expect to feel effects of global supply chain disruptions.
Chief Executive Adam Minto says: "It's been just over two months since we listed Revolution Beauty on the London Stock Exchange...we have executed against our digital first strategy set out at IPO, adding over 200,000 DTC customers to our platform, while more than doubling international online sales in the US, Australia and New Zealand.
"Meanwhile our retail expansion has continued strongly, and we're delighted to announce today that our Makeup Revolution brand will be expanding into over 350 of the largest Boots stores across the UK in early 2022."
Current stock price: 153.00 pence, up 3.6% on Monday
Year-to-date change: up from 150.00p in mid-July
By Paul McGowan; [email protected]
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