Revlon Inc. said that its second quarter loss narrowed slightly as favorable exchange rates helped boost sales amid an ongoing makeover. The company, whose products range from Almay cosmetics to Mitchum deodorant, also said it is planning two major cosmetic launches that should increase 2005 sales by $50 million.
Revlon posted a loss of $35.8 million for the three months ended June 30, compared with a loss of $38.9 million a year ago. The company’s revenue inched up about 1% to $318.3 million. Excluding favorable foreign exchange rates, Revlon said sales would have declined about one percent. North American sales fell four percent to $198.3 million.