Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue Wipes 2014
 •  P&G Gets No Charge from Batteries  •  Colgate Slumps in China, Brazil  •  Household, Personal Products Drive Sales at Unilever  •  P&G North America President to Retire  •  Glade Teams with Cirque du Soleil
Print

Revlon Narrows Third Quarter Loss to $65 Million



Published December 2, 2005
Related Searches: brand men cosmetics america
Post a comment
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