Revolution Beauty’s FY24 results are in line with Zeus estimates that were upgraded in March. The Group continues to make strategic progress, focusing on its core Revolution Masterbrand and exiting lower margin brands and product categories. With this strategy and bearing in mind that the comparative period included significant clearance sales, revenue is expected to decline YoY in H1 FY25, so we lower forecast revenue in FY25 by 6.7%. Importantly, EBITDA forecasts are unchanged. We continue to ....

26 Jun 2024
Revolution Beauty (REVB LN) - Return to profit in FY24

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Revolution Beauty (REVB LN) - Return to profit in FY24
Revolution Beauty Group plc (REVB:LON) | 11.2 0 1.6% | Mkt Cap: 35.6m
- Published:
26 Jun 2024 -
Author:
Rachel Birkett, CFA -
Pages:
10 -
Revolution Beauty’s FY24 results are in line with Zeus estimates that were upgraded in March. The Group continues to make strategic progress, focusing on its core Revolution Masterbrand and exiting lower margin brands and product categories. With this strategy and bearing in mind that the comparative period included significant clearance sales, revenue is expected to decline YoY in H1 FY25, so we lower forecast revenue in FY25 by 6.7%. Importantly, EBITDA forecasts are unchanged. We continue to ....