Milk Make-up proprietor publishes Q3 2022 outcomes; internet gross sales stand at US$78.9 million

THE WHAT? Waldencast has introduced its outcomes for the third quarter of fiscal 2022. The wellness platform, which lately mixed companies with Obagi World and Milk Make-up posted internet gross sales of US$78.9 million.

THE DETAILS As a result of latest deal, the financials usually are not similar to the prior-year interval, however individually, the manufacturers have posted their efficiency, with Obagi Skincare gross sales rising 3.2 p.c to US$60.4 million and Milk Make-up recording internet gross sales of US$18.5 million, up a powerful 41.7 p.c yoy.

THE WHY? Michel Brousset, Waldencast Founder and CEO, explains, “We’re happy with our third quarter efficiency, which continued the optimistic momentum for our manufacturers from the primary half of the 12 months, highlighted by elevated gross sales and profitability. We’re enthusiastic about our alternatives as we enter the ultimate quarter of the 12 months, and whereas cognizant of the broader macro-economic surroundings, the wonder class stays sturdy. As well as, our enterprise and our manufacturers proceed to ship sturdy development and profitability, which is mirrored in our reaffirmation of steerage. Our long-term ambition is to construct a world best-in-class magnificence and wellness multi-brand platform by scaling the following era of excessive development objective pushed manufacturers. We look ahead to delivering on this goal for the good thing about all Waldencast stakeholders.”