Bare Escentuals Inc.’s profits for the quarter ended June 29 gained 22.1 percent to $24.7 million, or 26 cents a diluted share, from $20.2 million, or 22 cents.
Net sales for the quarter gained 11.6 percent to $138.5 million from $124.1 million in the year-ago period.
Chief executive officer Leslie Blodgett said that for the first time, international quarterly sales accounted for 12 percent of total company sales. The company is expanding in the U.K., where it has eight doors including Selfridges in London; in Japan via infomercials and QVC, and in Canada, where it will test its wares in a limited number of Shoppers Drug Mart doors and is sold via infomercials.
In September, Bare Escentuals will launch its first large-scale sampling initiative in its brick-and-mortar retailers, said Blodgett. It is expected to reach one million shoppers, and will continue into next year.
The company lowered its sales growth expectations for the fiscal year, from its previously stated goal of 20 to 25 percent to 15 to 20 percent.