Consumer Sales Rise in US for Revlon

Revlon, Inc. posted results for the third quarter ended Sept. 30, 2014. Consumer segment net sales decreased 0.9% to $348.2 million. The third quarter of 2014 also had lower net sales of Almay color cosmetics and SinfulColors color cosmetics, partially offset by higher net sales of Mitchum products in the third quarter of 2014. The Consumer segment also includes the results of retail brands acquired in The Colomer Group acquisition in October 2013.
 
Professional segment net sales for the third quarter of 2014 increased 2.0% to $124.1 million. According to the company, this was primarily due to higher net sales of American Crew, Revlon Professional products and Creme of Nature products, and partially offset by lower net sales of CND nail products.
 
Company net sales in the US rose 3.8% $243.8 million. The third quarter of 2014 in this region had higher net sales of Revlon color cosmetics and Mitchum products, partially offset by lower net sales of Almay color cosmetics and SinfulColors color cosmetics. Net sales in the US decreased in the Professional segment primarily due to lower net sales of CND nail products, partially offset by higher net sales of Creme of Nature products in the third quarter of 2014.
 
Total company international net sales in the third quarter of 2014 slipped 1% to $228.5 million. Within the consumer segment, the company had lower net sales of Revlon color cosmetics in certain distributor markets, partially offset by higher net sales of Revlon color cosmetics in Venezuela, Japan and South Africa. Results in Venezuela benefited from the increased availability of US. Dollars to import finished goods for sale in Venezuela in the third quarter of 2014, as compared to the third quarter of 2013. Within the professional segment, the Company had higher net sales of American Crew and Revlon Professional products throughout most of the international region in the third quarter of 2014.
 
For the nine months, total sales rose 4% to $1.4 billion.