Bare Escentuals, a San Francisco-based maker of natural personal care products, posted lower third quarter earnings—its first quarterly report as a publicily-traded company.
The company, which went public in September, reported a 5% decrease in net income to $8.9 million from $9.4 million a year ago. Revenue jumped 45% to $97.9 million from $67.6 million ago.
Looking ahead to the fourth quarter of fiscal 2006, the company expects sales to increase somewhere in the range of 28-33%, as consumer interest in all things natural continues to grow. Company executives said that they anticipate sales for fiscal 2007 to increase 18-22%