Anastasia Beverly Hills Sales Slump, Earnings Drop 33.5% YoY

Anastasia Beverly Hills, the retail cosmetic and beauty company, reported net sales in the third quarter declined approximately 12% year over year to $69.8 million, as product-launch timing and a difficult competitive environment weighed on the company, according to a lender presentation reviewed by Bloomberg.

• Adjusted Ebitda, a measure of profitability, slumped 33.5% year over year to $17.7 million.
  • The decline was primarily driven by lower domestic sales and higher advertising costs, the report said
• Representatives for Anastasia did not respond to requests for comment. TPG declined to comment
• Domestic channel gross sales declined 15% year over year, impacted by ...