Revlon Says Sales Gained in Second Quarter

Revlon, Inc. today announced second quarter sales rose nearly 5% to $322 million. Just as important, Revlon’s total color cosmetics market share rose to 22.6%, up from 22.2% last year. Revlon brand market share grew to 17%, up from 16.4% last year. The Almay brand market share rose to 5.6%, up from 5.3% last year. Still, net losses in the second quarter totaled $37.8 million, compared with a net loss of $38.9 million a year ago. In terms of U.S. marketplace performance, according to ACNielsen the color cosmetics category declined approximately 1.3% in the quarter, while consumption of the Revlon and Almay brands combined advanced 2.9%.

For the first six months of 2003, net sales advanced approximately 5% to $614 million. Excluding the favorable impact of foreign currency translation, net sales for the first six months were up 3%.