Warpaint London expects full-year revenue to exceed £85 million, a significant increase from £64.1 million in 2022, the company announced Friday.
Warpaint shares jumped on the news, adding 6% to 334p.
Strong trading across all geographic regions has boosted sales growth ahead of expectations this year. Operating profit is now predicted to surpass £16 million, more than double last year’s £7.7 million.
The cosmetics supplier, which owns the W7 and Technic brands, continues expanding with new retailer partnerships.
Warpaint recently launched W7 products in 400 Etos stores in the Netherlands and 100 Watsons stores in the Philippines.
It also introduced Technic items to over 200 Wibra stores in the Netherlands. Further growth is planned for early 2024, including additional W7 products in 372 CVS locations in the United States and 102 Boots stores in the United Kingdom.
Warpaint first indicated strong post-period sales in September when reporting first-half results. Robust margins have remained consistent.
Investors will look forward to gaining further insight into their key Christmas shopping season.