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Revlon Launch Delays, Overseas Economies To Cause 16% Sales Decline

This article was originally published in The Rose Sheet

Executive Summary

Revlon is anticipating weaker third quarter results due, in part, to a "shift" in marketing activity, product introduction delays, a weakened foreign economy and retail inventory reductions. Net sales are expected to drop about 16% to $540 mil. in the third quarter, versus $623.5 mil. in the prior-year period, Revlon announced Oct. 2.
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