Breaking News

Sales Up at Bare Escentuals

February 27, 2009

Fiscal 2008 net sales grow 9%, net income rises 11%

Bare Escentuals, Inc. posted financial results for the fourth quarter and fiscal year ended Dec. 28, 2008. Net sales for the fourth quarter of fiscal 2008 were $147.1 million, an increase of 2% from the same period last year. Net income for the fourth quarter of fiscal 2008 was $24.6 million, a decrease of 9%, says the report.

For the fiscal year ended Dec. 28, 2008, net sales increased 9% to $556.2 million, while net income rose 11% to $98 million.

“While we are pleased that we were able to deliver positive revenue growth in the quarter, particularly in light of overall declines in the prestige cosmetics market, it is clear to us and to everyone in our industry that consumers are under great pressure, and we expect that dynamic to continue for some time,” said Leslie Blodgett, chief executive officer of the company.

In the fourth quarter of fiscal 2008, the company re-evaluated the way it internally reviewed its business performance and, in turn, changed its operating segments to be more geographically focused. The company's new segments include North America Retail, North America Direct to Consumer and International.



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