Mineral makeup giant Bare Escentuals, Inc.’s net sales for the fourth quarter of fiscal 2007 soared 31% to $144.6 million. Net income was $27 million.
For the year that ended Dec. 30, 2007, sales rose 30% to $511 million, while net income jumped 75% to $88.1 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.