Company News, Financial News

Dollar Shave Club’s Route to Profitability

Wipes, toiletries and more are driving gains.

Author Image

By: TOM BRANNA

Editor

Dollar Shave Club's founder is confident that his company will turn a profit. The low-price leader in men's razor blades has seen sales soar to $240 million since its founding back in 2012. But it is only now, that Michael Dubin expects DSC to be profitable. Dollar Shave Club was on pace to hit $240 million in revenue this year, or double what it took in last year. First-year sales were $4 million, followed by $19 million in 2013 and $65 million the following year.

Speaking at an investors' meeting in Las Vegas last week, Dubin Dubin told attendees that 68% of men change their blades weekly now, compared to 28% when the company started. 

But now, Dubin expects his One Wipe Charlie men's wipes and a new line of sulfate-free shower products will help DSC become profitable by Q4.




Keep Up With Our Content. Subscribe To Happi Newsletters