Growth – Page 8 – Beautifaire

25 May

Ulta Beauty’s Rapid Sales Growth Begins to Moderate –

Ulta Beauty’s stock price dipped as much as 10 percent in after-market trading Thursday as its period of rapid sales growth began to moderate. Net sales increased 12.3 percent to $2.6 billion in the primary quarter of fiscal 2023, in comparison with $2.3 billion in the identical period last yr and a touch below analysts’ predictions of $2.62 billion. Comparable sales, which include stores open at the least 14 months and e-commerce sales, increased 9.3 percent in comparison with a rise of 18 percent in the primary quarter of fiscal 2022. “We entered 2023 anticipating that the unprecedented growth in the wonder category would moderate and that the promotional environment would increase,” said chief financial officer Scott Settersten during a call with analysts....

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22 May

Data Provider Circana Breaks Down The Beauty Industry’s Growth

by Beautifaire101

Beauty, Featured

Data Provider Circana Breaks Down The Beauty Industry’s Growth

“It’s very nice to be speaking with an industry that’s growing,” said Circana’s president of thought leadership, Don Unser. After tracking declines in unit — and in certain cases, dollar — sales across several consumer goods sectors, beauty and its cross-channel resilience is a “glad place” for him, he quipped. “You're the one industry that has been growing by each units and dollars,” said Unser, while Circana’s vp of beauty, Larissa Jensen, added: “Whenever you take a look at the whole industry, inclusive of mass and prestige, it’s a really healthy market — it’s up 13 percent.” While the industry’s performance overall is promising, the expansion of prestige beauty particularly — which is up in each unit sales and dollar sales,...

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20 May

Alibaba Logs 2 Percent Growth, Unveils Spin-off IPO Plans

by Beauty Tips

Fashion, Featured

Alibaba Logs 2 Percent Growth, Unveils Spin-off IPO Plans

SHANGHAI — Alibaba released its first earnings report since revealing in March that the corporate can be split into six business units. The Hangzhou-based e-commerce giant revealed on Thursday that revenue for the fourth quarter ended March 31 had increased by 2 percent year-over-year to 208.2 billion renminbi, or $30.3 billion, falling in need of analysts’ expectations. Throughout the quarter, net income reached 23.5 billion renminbi, or $3.4 billion, with adjusted profits rising by 38 percent year-over-year to 27.4 billion renminbi, or $3.98 billion. For the fiscal yr ending March 31, revenue gained 2 percent year-over-year, reaching 868.68 billion renminbi, or $126.49 billion. Operating income amounted to 100.35 billion renminbi, or $14.61 billion, marking a 44 percent year-over-year increase. As an indicator of China’s...

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17 May

Prelude Growth Partners Takes Minority Investment in Skin Pharm

by Beautifaire101

Beauty, Featured

Prelude Growth Partners Takes Minority Investment in Skin Pharm

Investment in the wonder services space continues to heat up, with Skin Pharm, an aesthetic skincare practice that has its own product line, receiving a minority investment from Prelude Growth Partners. The $15 million investment from the female-founded growth equity firm will fund the corporate’s clinic expansion plans nationwide and contribute to ongoing product development, each parties said in an announcement. As a part of the deal, chief executive officer Maegan Griffin, a board-certified nurse practitioner with cosmetic surgery and dermatology experience who founded Skin Pharm in 2017, will proceed to guide the corporate. “Now's the right time to take this investment because we now have this amazing team, we built a trustworthy brand, and we now have a loyal community of consumers...

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