The Body Shop posts quarterly profits & sales uptick

The Body Shop posts quarterly profits & sales uptick
// The Body Shop’s 3rd quarter profits & sales rise boosted by positive UK performance
// New comes as parent company Natura&Co wins shareholder approval to takeover Avon

The Body Shop has booked a rise in both profits and sales in its third quarter, which was bolstered by strong performance in its UK market.

The Body Shop recorded saw EBITDA surge 18.7 per cent during the quarter to 62.6 million reals (£11.6 million), bolstered by a 1.1 per cent uptick in net revenue to 935.7 million reals (£173.9 million).

Parent company Natura&Co said that if the disruption from ongoing protests in Hong Kong is taken out of the equation, The Body Shop’s net revenue rose 6.4 per cent on a constant currency basis.

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Meanwhile, the ethical beauty retailer’s UK like-for-likes grew 3.1 per cent for the quarter.

The Body Shop’s trading update comes just as Brazilian parent company Natura&Co won shareholder approval to acquire beauty giant Avon.

Natura&Co said it was set to be complete the takeover by the first quarter of its 2020 financial year.

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