Shares of the North Face owner, which have declined 34.5 percent so far this year, were down nearly 8 percent in extended trading.

In its fiscal fourth-quarter earnings, the beauty company reported that sales increased 77 percent to over $1.02 billion for the 12 months ending on Mar. 31, 2024.

Lower prices compared to department stores and cooling inflation have allowed shoppers more room to shop outside just essentials, boosting demand across product categories for the off-price retailer.

Sophie McElligott will be responsible for overseeing the business’ global expansion and marketing strategy.

Its earnings before interest, tax, depreciation and amortisation margin expanded to 5.6 percent from 5.4 percent a year ago, while overall GMV rose 28 percent to 124.46 billion rupees.

The CFPB wants to ensure this sector, now a major part of the consumer credit market, is not “gaining an advantage by sidestepping existing regulations,” CFPB director Rohit Chopra said.