Business
The Beauty Health Company Reports Record Second Quarter 2021 Financial Results
Raises Full Year 2021 Sales Guidance LONG BEACH, Calif.--(BUSINESS WIRE)-- The Beauty Health Company ("BeautyHealth" or the "Company"; NASDAQ:SKIN), a global
About this update from Skinhealth Systems Inc.
[{"type":"text","content":"\nRaises Full Year 2021 Sales Guidance\n\n LONG BEACH, Calif.--(BUSINESS WIRE)--\nThe Beauty Health Company (\"BeautyHealth\" or the \"Company\"; NASDAQ:SKIN), a global category-creator in beauty health leading the charge with its flagship brand HydraFacial, today announced financial results for the second quarter ended June 30, 2021.\n\nClint Carnell, BeautyHealth’s CEO, stated: “Our second quarter results reflect exceptional performance in both sales and adjusted EBITDA. We achieved strong sales in our Delivery Systems, and trends in our Consumables accelerated as COVID-19 restrictions lifted and more of our partners reopened. The key strategic initiatives implemented late last year are taking shape, and are further strengthened by the underlying trends in consumer behavior towards health and wellness, a shift we believe is lasting. We accelerated our investments in brand building programs, which forged significant progress on our vision of strengthening our connection with our consumers and further enhancing our BeautyHealth community.”\n\n“As a result of our strong performance to date combined with our expectations for the second half of this year, we are raising our top-line guidance for the full year to a range of $230 million to $240 million, barring any deterioration related to COVID-19 trends. A significant priority is to use our outsized revenue growth to increase investments in our branding and infrastructure initiatives, accelerating our positioning in this nascent global beauty health category,” concluded Mr. Carnell.\n\nKey Operational and Business Metrics\n\n\n\n \n\n\n\n\nThree Months Ended June 30,\n\n\n\n \n\n\n\nSix Months Ended June 30,\n\n\n\n\n\n(dollars in millions)\n\n\n\n\n2021\n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n2020\n\n\n\n\n\nDelivery Systems net sales\n\n\n\n\n$\n\n\n\n34.9\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n6.0\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n60.6\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n20.1\n\n\n\n \n\n\n\n\n\nConsumables net sales\n\n\n\n\n$\n\n\n\n31.6\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n8.1\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n53.4\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n26.6\n\n\n\n \n\n\n\n\n\nTotal net sales\n\n\n\n\n$\n\n\n\n66.5\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n14.1\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n114.0\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n46.7\n\n\n\n \n\n\n\n\n\nGross profit\n\n\n\n...