The company has recorded net sales of $1.6bn with a net income of $74.8M or $1.32 per diluted share.
Although the company’s recorded net sales are down in comparison to the same period last year (which recorded $1.7bn) the company has exceed expectations in their performance given that the company temporarily closed all of their stores in March as a result of Covid-19. All stores were fully operational again by July 20.
The company’s results have undoubtedly been affected by Covid-19 and its ongoing impacts and net sales in the third quarter decreased by 7.8 per cent and gross profit decreased 12.5 per cent, despite this the company has pivoted their approach in an effort to remain attractive to consumers.
Mary Dilon, Chief Executive Officer commented: “I am proud of how well our teams are responding and leading throughout this difficult period. As a well-loved brand curating all things beauty, all in one place, we take great pride in our responsibility to lead the industry and redefine beauty experiences for guests, inclusive of safety measures.”
