Bare Escentuals’ Sales Grow in Fourth Quarter

Bare Escentuals, Inc. has announced favorable financial results for the fourth fiscal quarter and fiscal year ended January 3, 2010.

Net sales for the fourth quarter of fiscal 2009 were $165.1 million, an increase of 12% from $147.1 million in the fourth quarter of fiscal 2008. Net income for the fourth quarter of fiscal 2009 was $39.1 million, or $0.42 per diluted share, compared to $24.6 million, or $0.26 per diluted share, in the fourth quarter of fiscal 2008. The fourth quarter of fiscal 2009 results includes net tax benefits of $5.5 million related to certain domestic production activities deductions claimed.

Net sales for the fiscal year ended January 3, 2010 which included 53 weeks, were $557.5 million compared to $556.2 million for the fiscal year ended 2008. Net income for fiscal year 2009 was $98.1 million, or $1.05 per diluted share, compared to net income of $98.0 million, or $1.05 per diluted share, for the fiscal year ended December 28, 2008.

As previously announced, on January 14, 2010, Bare Escentuals entered into an Agreement and Plan of Merger with Shiseido.
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