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Bare Escentuals Q4 sales up & net income expands 65%
27
Feb '08
Bare Escentuals Inc announced financial results for the fourth quarter and year ended December 30, 2007.

Net sales for the fourth quarter of fiscal 2007 were $144.6 million, an increase of approximately 31% from $110.5 million recorded in the same period last year.

Net income for the fourth quarter of fiscal 2007 was $27.0 million, or $0.29 per diluted share on approximately 93.3 million shares outstanding, compared to $16.3 million, or $0.18 per diluted share on approximately 92.0 million shares outstanding, in the fourth quarter of fiscal 2006.

Operating income for the fourth quarter of fiscal 2007 was $49.9 million, an increase of approximately 36% from $36.6 million in the same period last year.

Net sales for the year ended December 30, 2007 were $511.0 million, an increase of approximately 30% from $394.5 million recorded in fiscal 2006. Net income for fiscal 2007 was $88.1 million, or $0.95 per diluted share on approximately 93.0 million shares outstanding, compared to $50.2 million, or $0.65 per diluted share on approximately 77.2 million shares outstanding, last year. Operating income for fiscal 2007 was $169.0 million, an increase of approximately 22% from $138.8 million in fiscal 2006.

“We are very pleased with our fourth quarter financial results as we experienced continued strong brand momentum,” said Leslie Blodgett, Chief Executive Officer.

“We attribute our performance to the great efforts put forth byour retail partners, suppliers, employees and, of course, the loyal community of Bare Escentuals customers. We intend to continue to build upon this momentum in 2008 by expanding our product offering and by increasing access to Bare Escentuals products both here and abroad.”

Guidance:
For fiscal 2008, the Company continues to expect sales to grow in the range of 20% to 25% compared to fiscal year 2007 and diluted earnings per share to be in the range of $1.13 to $1.18.

Bare Escentuals Inc


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