Sales growth looks pretty good for newly listed Revolution Beauty


NOT

Revolution Beauty recorded sales growth of 35% in the first half of the year, before the peak of the commercial season which has just started.

The AIM-listed makeup brand, which floated at 160p per share in July, said revenue reached £ 78million in the six months to August 31.

The company is known for its products marketed on social media by beauty influencers and has around 3.2 million Instagram followers.

Revolution Beauty is sold online as well as in over 14,000 stores, such as Superdrug and Boots branches, in 45 countries.

General manager Adam Minto said he has seen sales increase recently as the industry enters its seasonal peak period as wholesalers prepare for Christmas.

The company said, “Further expansion of Revolution Beauty’s brands, categories and business partners is expected to drive growth in the latter part of the second half of the year. “

The boss added that the company obtained earlier-than-normal product deliveries amid longer shipping times seen earlier in the year.

Minto told the Evening Standard: “To date there has been no impact on sourcing to UK wholesale partners, and we expect none.”

Shares of the company gained 12.25 pence, or more than 8%, to 160 pence.

Minto said, “The opportunities for long-term growth in mass beauty remain vast as more consumers turn to the Internet, while the market as a whole continues to grow rapidly globally. “

A recent launch was a “Corpse bride” Halloween makeup collection which Minto said saw sales of £ 300,000 in just two days.

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