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Mar 31, 2023
Beauty Health Q1 2023 Earnings Report
Reported double-digit net sales growth and raised fiscal 2023 net sales guidance due to strong consumer demand.
Key Takeaways
BeautyHealth reported a 14% increase in net sales to $86.3 million, driven by strong consumer demand for Hydrafacial treatments. The company raised its fiscal year 2023 net sales guidance to $460 - $480 million and reaffirmed its adjusted EBITDA margin guidance of 18% - 20%.
Net sales increased by 14% year-over-year, reaching $86.3 million.
Consumables net sales grew by 21% year-over-year globally, with significant growth in the Americas (+34%) and EMEA (+13%).
Delivery system sales increased by 9% year-over-year.
The company raised its fiscal year 2023 net sales guidance to $460 - $480 million.
Beauty Health
Beauty Health
Beauty Health Revenue by Segment
Beauty Health Revenue by Geographic Location
Revenue by Segment
Delivery Systems Revenue
CapyFin.comConsumables Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.com Forward Guidance
The company raised its fiscal year 2023 net sales guidance to a range of $460 to $480 million due to continued strength in consumer demand, strong Syndeo traction globally, and a re-acceleration in China. The adjusted EBITDA margin is expected to be 18%-20%.
Positive Outlook
- Continued strength in consumer demand
- Strong Syndeo traction globally
- Re-acceleration in China
- No material deterioration in general market conditions or other unforeseen circumstances beyond our control.
- Assumes a largely re-opened global market
Challenges Ahead
- Assumes no material deterioration in general market conditions or other unforeseen circumstances beyond our control.
- Excludes any unannounced acquisitions, dispositions or financings during 2023.
- Assumes a largely re-opened global market, which would be negatively impacted if closures related to COVID-19 or other restrictive measures are reimplemented.
- Assumes no material deterioration in foreign currency exchange rates.
Revenue & Expenses
Visualization of income flow from segment revenue to net income