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RODAN + FIELDS REPORTS SIGNIFICANT REVENUE GROWTH IN 2015 AND ACHIEVES 90 PERCENT YEAR-OVER-YEAR GROWTH
Euromonitor validates Rodan + Fields is the #2 Premium Skin Care Brand in the US in 20151 and the #1 fastest growing skincare brand in the US over the last five years2
San Francisco, Calif. — April 11, 2016 — Rodan + Fields, a dermatology-inspired skincare brand founded by Dr. Katie Rodan and Dr. Kathy Fields, today reported 2015 net revenue of $626.9 million and 90 percent year-over-year growth. With these results, Euromonitor International Ltd. ("Euromonitor") validated Rodan + Fields is now the #2 Premium Skin Care brand in the US and the #1 fastest growing skincare brand in the US over the last five years.
Diane Dietz, President and Chief Executive Officer of Rodan + Fields, said, "2015 was a year of tremendous growth for Rodan + Fields, putting us on a clear path to becoming a billion-dollar skincare brand. These category-leading achievements confirm our strategy to provide clinically proven, dermatology-inspired skincare through our unique social entrepreneur model. We are incredibly proud of our Independent Consultants who are transforming the way people shop for skincare. Our community of Independent Consultants and the strong consumer acceptance of our Regimen-based skincare will continue to drive momentum for the brand."
Ms. Dietz added, "The February 2015 launch of Rodan + Fields in Canada, our first global market, has been a resounding success and confirms the incremental opportunity for global expansion."
"In 2016, as we build scale and reach, we will continue to fuel our growth through innovation in dermatology-inspired products, and programs that support our social entrepreneur model through our powerful community of Independent Consultants."
About Rodan + Fields
Founded by Stanford-trained dermatologists Dr. Katie Rodan and Dr. Kathy Fields, Rodan + Fields' dermatology-inspired skincare products and proprietary, technology-driven social entrepreneur platform are changing the way people engage in the skincare category. In 2007, the Company made the unprecedented move out of department stores and into the world of social commerce in order to realize the Doctors' vision for providing the closest alternative to a professional skincare experience outside of a medical office and, in the process, empowering entrepreneurial opportunity. Products are available through Rodan + Fields Independent Consultants and at www.rodanandfields.com.
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1. Source Euromonitor International Limited; rsp terms; all channels, USA, 2015, research conducted in 2015.
2. Source Euromonitor International Limited; rsp terms; all channels, USA, 2015, research conducted in 2015; last five years refers to the period of 2010 to 2015.