The mass-market beauty company had $96.8 million in sales for the first half of 2016.
Rights groups applaud the decision as a victory for individual and religious freedom.
The singer was amongst the VIP guests at a dinner celebrating Karl Lagerfeld’s fourth collaboration with the brand.
Mila Kunis, Tali Lennox, Natalia Vodianova and Marisa Berenson sat front row at the fall show.
She is the first plus-size model to be on the cover of the magazine in its 52-year history.