Revolution Beauty sales soar as boss hails ‘flight to value’ for cosmetics shoppers
Revolution Beauty has posted a strong uplift in full-year sales and profits, which boss Adam Minto believes will continue as value-conscious shoppers “accelerate” the D2C brand’s growth.
Revolution Beauty recorded a 42% surge in revenue year on year to £194m in the 12 months to February 2022, driven by record sales in its fourth quarter.
In a trading update, the beauty brand said it expected full-year adjusted EBITDA to rise 73% year on year to approximately £22m, which the retailer said was “achieved against a background of inflationary pressures last year, including freight- and pandemic-related volatility”.
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