Breaking News

Revlon Narrows Third Quarter Loss to $65 Million

December 2, 2005

Revlon, Inc. reported that its loss narrowed in the third quarter even as revenue fell, sending shares down 7.7%. The company’s net loss was $65.4 million, or 18 cents per share, in the three months ended Sept. 30, compared with $91.6 million, or 25 cents per share, in the 2004 period. The year-ago loss reflected $59 million in costs related to Revlon’s refinancing. Sales fell almost 7% to $275.3 million.
The company, which is revamping its Almay cosmetics line and launching a new brand for women over 50, indicated that the drop in revenue reflects provisions for returns and allowances related to its brand initiatives, as well as lower shipments in North America.

blog comments powered by Disqus
  • Innovation On Display

    Melissa Meisel, Associate Editor||February 3, 2016
    P&G Beauty Digital Studio showcases new products for 2016

  • Crowning Glory

    Crowning Glory

    Christine Esposito , Associate Editor||February 3, 2016
    Celebrity stylists and experts from leading hair care brands talk about the ingredients and formats driving the styling sector.

  • Electric Slide

    Electric Slide

    Melissa Meisel, Associate Editor||February 3, 2016
    Skin care devices bring anti-aging to the next level