Revolution Beauty profit plummets after ‘significant challenges’

Revolution Beauty saw profits fall as it grappled with “significant challenges” over the half-year period.
Gross profit fell from £23m to £16m for the six months to 31 August.
Adjusted EBITDA plummeted 98% to a £13m loss over the period, which it said was impacted by space and brand changes in certain retailers and the impact of new tariffs in the US.
Revenue declined 32% to £49m during the half, primarily driven by disruption carried over from prior-year stra