SHARE OF THE WEEK: Revolution Beauty to present long-awaited results

Revolution Beauty will present investors with its long-awaited results next week as it seeks to get onto a more stable footing.

The make-up company’s results for the year to February 28, 2023 will be published on Thursday.

Revolution was plunged into crisis when trading of its shares on AIM was suspended in September 2022 after its accounts were not signed off in time.

To make matters worse, a row this summer between Revolution Beauty and Boohoo saw the cosmetics firm attacking its largest shareholder as ‘value-destructive, opportunistic and self-serving’.

A squabble over the company’s future culminated in the resignation of chief executive Bob Holt and chairman Derek Zissman as part of a peace deal struck with Boohoo.

So investors will be eager to hear an update on who the successor to Holt – interim boss until Thursday – will be.

Bosses will be hoping to shrug off the rows and scandals of headlines past and let investors focus on the numbers themselves. But they may prove grim reading.

Its interim results to August 31 last year saw it rack up £13.4m of losses as the end of lockdown rules hit its online side. It also warned it was facing a loss for the full year.

Russ Mould, from AJ Bell, said: ‘The mix in sales between digital and physical stores and trends in wholesale revenues will be scrutinised.’

Investors will also want to know of any changes to guidance for the current financial year.