The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The parent company of makeup brand Il Makiage and Gen-Z skin care brand SpoiledChild reported $94 million in net revenue in the third quarter ending Sept. 30. Adjusted EBITDA for the quarter was $21 million, up 227 percent year-over-year.
The strong results were attributed to profitable growth for both Il Makiage and SpoiledChild across regions and product categories, with stronger repeat sales than its earlier outlook predicted.
Oddity Tech has increased its net revenue expectation for the year to a range of $493 million and $497 million, up from its previous estimation of $475 and $480 million.
Oddity’s stock rose 9 percent in after-hours trading.
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Oddity Expects Third Quarter Results to Surpass Guidance
The parent of Il Makiage and Spoiled Child expects to deliver net revenue growth of $89 million.
The inclusive label had struggled to capitalise on its early success, and recently faced customer complaints about failing to ship orders. New owner MacArthur Beauty is hiring a new team to run the brand and says “no one will be left high and dry,” but founder Sharon Chuter said she intends to challenge the sale.
Join us for a BoF Professional Masterclass that explores the topic in our latest Case Study, “How to Launch and Grow a Hero Product”.
Under eye patches make their case for out of the house attire, and Sofia Richie Grainge plots a beauty line.
A new Re-Nutriv launch from its namesake brand suggests a greater interest in the upper echelons of beauty.