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Revolution Beauty boosted by strong full year sales

Revolution Beauty has said revenue grew by 42% to around £194 million in the year to 28 February after it delivered growth across all regions and… View Article

HEALTH & BEAUTY

Revolution Beauty boosted by strong full year sales

Revolution Beauty has said revenue grew by 42% to around £194 million in the year to 28 February after it delivered growth across all regions and categories.

Meanwhile, adjusted EBITDA was up 73% to £22 million.

In a full year trading update, the company said it benefited from a record fourth quarter following global retailer expansions in both Boots and Walgreens.  Sales in the second half were up around 44% year-on-year.

Full year sales in the UK rose by 85% after the company was boosted by post pandemic footfall recovery amongst retail partners and a successful roll out of Makeup Revolution into Boots.

Meanwhile, sales in the rest of the world bounced back with an uplift of 79% to account for 35% of Revolution’s global business. Sales in the US were also up, climbing by 27%.

 Adam Minto, Revolution Beauty group chief executive, said: “The group delivered a strong full year performance, in line with expectations, and driven by the strength of our omnichannel route to market.

“We had a record fourth quarter in FY22 and saw strong broad-based sales growth across categories and geographies with revenue for the full year increasing by 42% against the previous year.

“The US has become our biggest single market in terms of store sales, while retail in the UK and the rest of the world continued to bounce back to pre-pandemic levels.”

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