11.03.17
Revlon, Inc. posted results for the third quarter ended Sept. 30, 2017. Net sales rose 10.2% to $666.5 million. However, the consumer segment net sales fell 10.5% to $306.7 million. Elizabeth Arden net sales slipped 9.9% to $248.1 million and the professional segment decreased 9.9% to $107.0 million.
“Although we continue to achieve strong sales growth for our core brands internationally, our overall results, which continue to be impacted by the company’s performance in the US, were disappointing,” said Fabian Garcia, president and chief executive officer. “We continue to make strategic investments in our capabilities to transform our business model ... our long-term transformation initiatives are designed to restore topline growth in the U.S. and support our plans for profitable, global expansion and ensure that we have the ability to successfully compete in a digitally-driven landscape, strengthen social media engagement and align technology platforms to support our strategy.”
“Although we continue to achieve strong sales growth for our core brands internationally, our overall results, which continue to be impacted by the company’s performance in the US, were disappointing,” said Fabian Garcia, president and chief executive officer. “We continue to make strategic investments in our capabilities to transform our business model ... our long-term transformation initiatives are designed to restore topline growth in the U.S. and support our plans for profitable, global expansion and ensure that we have the ability to successfully compete in a digitally-driven landscape, strengthen social media engagement and align technology platforms to support our strategy.”