Raises – Page 4 – Beautifaire

25 Aug

Ulta Beauty Raises Full-year Guidance – WWD

After a slew of weaker than expected results from the sweetness sector, Ulta bucked the trend, raising its full-year outlook on the back of a powerful second quarter. “Through the quarter, we drove growth across all major categories, increased the variety of loyalty members, and strengthened engagement with the Ulta Beauty brand,” said Dave Kimbell, chief executive officer. “The wonder category has continued to deliver healthy growth, as consumers maintain their post-pandemic routines and expand their definition of beauty.” The wonder retailer now expects net sales to are available in at a spread between $11.05 billion and $11.15 billion. Previously it had forecast $11 billion to $11.1 billion. Estimates for diluted earnings per share have been lifted to $25.10 to $25.60, from...

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9 Aug

Oddity Raises Outlook on Higher-than-expected Q2 Results – WWD

by Beautifaire101

Beauty, Featured

Oddity Raises Outlook on Higher-than-expected Q2 Results – WWD

Newly public Oddity Tech, the parent company of Il Makiage and SpoiledChild, has had one other success. After a better-than-expected public debut last month, the corporate just announced that it surpassed forecasts for the second quarter ended June 30, allowing it to boost its full-year outlook. Net revenue got here in at $151.3 million, up from $97.7 million a yr earlier and $11.8 million above estimates. Net income, meanwhile, was $30 million, compared with $16.6 million in the identical period a yr prior. On an adjusted basis, it was $32.3 million. Adjusted diluted earnings per share was 56 cents, up from 33 cents a yr earlier. “We delivered our strongest second quarter and year-to-date financial results ever, beating our plan on revenue and...

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6 Aug

Evolvetogether Raises Seed Investment – WWD

by Beautifaire101

Beauty, Featured

Evolvetogether Raises Seed Investment – WWD

Personal care brand Evolvetogether, launched by Cynthia Sakai in the course of the pandemic with masks that were worn by the likes of Justin Bieber and Vice President Kamala Harris, has secured funding from some well-known names in the wonder industry. The seed round was led by True Beauty Ventures, with participation from G9 Ventures and Gregg Renfrew, the founding father of Beautycounter, which was acquired by The Carlyle Group in 2021 in a deal that valued it at $1 billion. Terms of the investment weren't disclosed, but sources told WWD Evolvetogether is heading in the right direction to hit $10 million in sales. Wealthy Gersten, cofounder and managing partner of True Beauty Ventures, said he spent greater than a 12 months attending...

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4 Aug

EXCLUSIVE: Aurate Raises Series B Funding, Partners With Macy’s

by Beautifaire101

Beauty, Featured

EXCLUSIVE: Aurate Raises Series B Funding, Partners With Macy’s

After almost a decade available on the market, Aurate is seeking to the following stage of its business. The direct-to-consumer superb jewelry brand is gearing up for its first major retail partnerships this month after securing its series B funding in the primary quarter of this yr. Terms of the investment weren't disclosed; nevertheless, Aurate stated it has raised $25 million thus far. Aurate is embarking on two retail partnerships this month with Macy’s and Helzberg Diamonds, creating respective sister brands sold exclusively on the retailers. Audrey by Aurate will launch at Macy’s on Saturday and Laure by Aurate will launch at Helzberg Diamonds on Tuesday. “We all the time desired to democratize real gold. That’s still the mission of the brand,” said...

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