10.02.17
Revlon, Inc. posted favorable results for the quarter ended June 30, 2017. As reported, net sales leaped 32.1% to $645.7 million, driven by the acquisition of Elizabeth Arden.
Revlon president and CEO Fabian Garcia said, “While our financial performance and sales results in the US remained soft in a challenging retail environment, we are encouraged by the global growth of our iconic Revlon and Elizabeth Arden brands, our international sales which remain robust and the key strategic initiatives that we have implemented during the quarter, which we expect will drive sequential improvements in company performance.
“Of note in this quarter, we secured incremental shelf space and distribution for the newly repositioned Almay and created new campaigns for Revlon and Elizabeth Arden, our two largest and most iconic brands.”
On a brand basis, net sales growth in Revlon color cosmetics and Elizabeth Arden products was more than offset by sales declines in Almay, SinfulColors, CND and American Crew. Consumer segment net sales slipped 6.6% to $335.7 million. Elizabeth Arden net sales increased 3.4% to $199.2 million.
Revlon president and CEO Fabian Garcia said, “While our financial performance and sales results in the US remained soft in a challenging retail environment, we are encouraged by the global growth of our iconic Revlon and Elizabeth Arden brands, our international sales which remain robust and the key strategic initiatives that we have implemented during the quarter, which we expect will drive sequential improvements in company performance.
“Of note in this quarter, we secured incremental shelf space and distribution for the newly repositioned Almay and created new campaigns for Revlon and Elizabeth Arden, our two largest and most iconic brands.”
On a brand basis, net sales growth in Revlon color cosmetics and Elizabeth Arden products was more than offset by sales declines in Almay, SinfulColors, CND and American Crew. Consumer segment net sales slipped 6.6% to $335.7 million. Elizabeth Arden net sales increased 3.4% to $199.2 million.
