02.01.18
Driven by the acquisition of Elizabeth Arden, Revlon, Inc.’s third quarter net sales rose 10.2% to $666.5 million (as reported). However, adjusted consumer segment net sales fell 10.5% to $306.7 million and 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, Revlon. “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 US and support our plans for profitable, global expansion.”
“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, Revlon. “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 US and support our plans for profitable, global expansion.”