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First quarter sales tumble 11%
April 30, 2009
By: TOM BRANNA
Editor
Bare Escentuals, Inc.’s net sales for the first quarter of fiscal 2009 were $124.3 million, a decrease of 11% from $140.4 million in the same period last year. Net income for the first quarter of fiscal 2009 was $16.7 million, or $0.18 per diluted share, compared to $25.8 million, or $0.28 per diluted share, in the first quarter of fiscal 2008. “As anticipated, the economic environment remained challenging in the first quarter, manifesting in sharp inventory de-stocking among our ...
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