Bare Escentuals Inc. said Wednesday that its net income leaped 58.8 percent in the fourth quarter, as its efforts in marketing, product extension and global expansion helped to drive sales.
The San Francisco-based cosmetics company, which in January received a bid from Shiseido to be purchased for $1.7 billion, said for the period ended Jan. 3, it recorded a profit of $39.1 million, or 42 cents a diluted share, compared with $24.6 million, or 26 cents a share, in the year-ago quarter. Revenue jumped 12.2 percent to $165.1 million from $147.1 million last year. Analysts forecasted EPS of 26 cents on sales of $152.1 million, according to Yahoo Finance.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"