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Professional Division Lifts Revlon in Third

July 30, 2014

Addition of Colomer helps sales surge

Revlon reported a 44% increase in third quarter sales. Results approached $498 million, as the company included sales from the Colomer division, which Revlon repurchased last year. Net income declined 26% to $18 million. Consumer segment net sales increased 1.2% to $367.3 million in the second quarter, primarily driven by higher net sales of Revlon color cosmetics and Revlon ColorSilk hair color, partially offset by lower net sales of Almay color cosmetics. The consumer segment also includes the results of retail brands acquired in the TCG acquisition. Professional sales rose  due to higher net sales of American Crew, Revlon Professional and Creme of Nature products.

US sales rose 3.3% in the quarter to $255.2 million. Within the consumer segment, the company reported higher sales of Revlon color cosmetics, Revlon ColorSilk hair color and SinfulColors color cosmetics, partially offset by lower sales of Almay color cosmetics. Within the professional segment, the company had higher US net sales of Creme of Nature and CND nail products, as well as higher net sales from contract manufacturing services, partially offset by lower US net sales of CND Shellac in the second quarter of 2014. International sales increased 2.2% to $242.7 million. Within the consumer segment, the company had higher net sales in Venezuela of Revlon ColorSilk hair color, Revlon color cosmetics and other beauty care products. Within the professional segment, the company had higher net sales of Revlon Professional, CND Shellac and American Crew throughout most of the international region, partially offset by lower net sales of Orofluido throughout most of the International region.

For the six months, sales rose 44% to nearly $968 million and net income increase more than 32% to $23.6 million.

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