Revolution Beauty Group plc (GB:REVB) has released an update.
Revolution Beauty Group plc has reported a 20% decline in net sales to £72m for the first half of FY25, attributing the drop to a strategic simplification of its product range and clearance of old inventory. Despite this overall decline, the company’s core product sales saw a 6% increase, and a one-off stock provision of £11.3m was made for discontinued items. Looking ahead, the company is optimistic about returning to growth in the fourth quarter of FY25 and into FY26, driven by ongoing strategic initiatives and operational efficiencies.
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