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Bare Escentuals Earnings Fall 20% to $19.8 Million
A sales decline brought on by a slowdown in its direct-to-consumer business contributed to a drop in profits at Bare Escentuals Inc. in its second quarter.
In the three months ended June 28, profits at the San Francisco-based mineral cosmetics firm fell 20 percent to $19.8 million, or 21 cents a diluted share, from $24.7 million, or 26 cents a share, last year.
Net sales in the three months dropped 4.4 percent to $132.5 million from $138.5 million in the comparable 2008 period.
Analysts polled...