02.27.08
Mineral makeup giant Bare Escentuals, Inc. posted financial results for the fourth quarter and year ended Dec. 30, 2007. Net sales for the fourth quarter of fiscal 2007 were $144.6 million, an increase of approximately 31%, while net income was $27 million.
Net sales for the year ended Dec. 30, 2007 were $511 million, an increase of approximately 30% from the previous year. Net income was $88.1 million, compared to $50.2 million.
“We are very pleased with our fourth quarter financial results as we experienced continued strong brand momentum,” said Leslie Blodgett, chief executive officer of Bare Escentuals. “We attribute our performance to the great efforts put forth by our retail partners, suppliers, employees and, of course, the loyal community of Bare Escentuals customers. We intend to continue to build upon this momentum in 2008 by expanding our product offering and by increasing access to Bare Escentuals products both here and abroad.”
For fiscal 2008, the company continues to expect sales to grow in the range of 20% to 25% compared to fiscal year 2007.
