Revolution Beauty, the mass beauty retailer, has released a brief trading update ahead of its upcoming Capital Markets Event. The company has set an ambitious goal of achieving retail brand sales of £1 billion by 2030 and is determined to accelerate profitable growth. Despite this ambitious target, Revolution Beauty remains confident in its projections, expecting double-digit growth in adjusted EBITDA and high-single-digit growth in revenue for the fiscal year 2024.

One key factor contributing to the company’s positive outlook is its successful effort to rationalize lower margin SKUs, which has led to improved margins. As a result, Revolution Beauty now predicts adjusted EBITDA for FY24 to range between £11 million and £12 million, with low-single-digit revenue growth.

In addition to these achievements, Revolution Beauty has also secured a 12-month extension to its £32 million Revolving Credit Facility, with unchanged terms. This extension provides the company with financial stability and support, extending the facility until October 2025.

During the forthcoming investor event, Revolution Beauty’s management, including CEO Lauren Brindley, CFO Neil Catto, CMO Alison Hollingsworth, and COO Stephen Vanoli, will outline their plans to transform the business and drive growth. The primary objective is to establish Revolution Beauty as one of the top-five mass beauty players worldwide, with an annual retail brand sales target of £1 billion by 2030.

CEO Lauren Brindley expressed confidence in Revolution Beauty’s unique capabilities, loyal Gen Z customer base, and strong relationships with renowned beauty retailers. Going forward, the company aims to capitalize on these strengths and return to its core values. The strategy involves focusing on the Revolution Masterbrand, streamlining operations, maintaining financial discipline, and energizing its teams to achieve long-term profitable growth.

Useful links:
Revolution Beauty Official Website
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