Bare Escentuals' net income jumped by 65 percent in the fourth quarter, as the firm maintained its focus on mineral makeup and expanded its global door count.
The firm's profits for the quarter ended Dec. 31 reached $27 million, or 29 cents a diluted share, from $16.3 million, or 18 cents. Net sales for the quarter gained 31 percent to $144.6 million from $110.5 million in the year-ago period.
"As we move into 2008, we continue to carry strong brand momentum," said chief executive officer Leslie Blodgett. She noted by the end of 2008, the company plans to expand its domestic distribution by about 40 percent to 780 doors. Additionally, Bare Escentuals is testing its wares in four U.K. department stores.
For the year, net income gained 75 percent to $88.1 million, or 95 cents a diluted share, compared with $50.2 million, or 65 cents, last year, on sales that gained 30 percent to $511 million, from $394.5 million in 2006.
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?"