Revolution Beauty sales leap amid Boohoo requisition
Revolution Beauty has reported a jump in sales and believes it is “appropriate to update all shareholders on the group’s most recent trading performance” in light of the requisition notice by Boohoo.
Sales leaped 60% year on year in the first three months of its 2023/24 financial year and gross margins were 48.2%, compared with 41.7% in the same period last year.
EBITDA was at £3.5m and beauty retailer says this trading performance “demonstrates the quality of Revolution Beauty’s products and consumer offer” and its ability to ”deliver growing sales into an expanding global retailer base”.
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