Breaking News

Unit Sales Boost Revlon's Third Quarter Results

November 17, 2008

Revlon reported a 1% increase in third quarter sales to $334.4 million, while posting net income of $29.2 million, vs. a loss of $10.4 million a year ago. However, the gain in profit is attributable to the July sale of Revlon’s Bozzano branded men’s hair care and shaving line of products, which are sold only in Brazil. The purchase price was $107 million.

“We have executed our strategy and profitably grown our business during the first nine months of this year. Specifically, we have launched a comprehensive and successful new lineup of Revlon and Almay color cosmetics products, supported our brands with appropriate levels of advertising and promotional support, increased our margins and improved our capital structure,” said David Kennedy, president and chief executive officer, Revlon.

For the nine months, sales rose nearly 2% to $1.01 billion. According to Mr. Kennedy, Revlon is confident about the new product introductions for the first half of 2009. More info: www.revlon.com
blog comments powered by Disqus
  • What's Next for the UK?

    Sarah Boumphrey, Euromonitor International||June 24, 2016
    Euromonitor weighs in on the implications for consumer product companies.

  • Henkel Grabs the Sun

    Henkel Grabs the Sun

    Ian Bell, Euromonitor International||June 24, 2016
    Euromonitor's Ian Bell on the impact the purchase will have on the US detergent industry.

  • To The Max

    To The Max

    Melissa Meisel, Associate Editor||June 20, 2016
    Velvet 59 is on the rise at locations like Ricky’s NYC.

  • Take Notice

    Take Notice

    Melissa Meisel , Associate Editor||June 1, 2016
    Packaging trends revolve around trendy artwork, eco-conscious materials—and portability is a plus too!

  • Virtual Reality

    Virtual Reality

    Christine Esposito, Associate Editor||June 1, 2016
    An update on nature-identical ingredients for cosmetics and personal care products.

  • Shiseido Advances in the US

    Shiseido Advances in the US

    Tom Branna, Editorial Director||June 1, 2016
    New facility in Windsor, NJ demonstrates its dedication to the US and other markets outside Japan.