Finance In Brief
This article was originally published in The Rose Sheet
Executive Summary
Revlon Q3: Improvement in sales returns and higher shipments of beauty care, primarily women's hair color, boosted U.S. sales during the third quarter 19.7% to $190.9 mil., Revlon says during a Q3 earnings call Nov. 6. However, Vital Radiance negatively impacted sales by $15 mil., the firm notes. As part of a recovery plan for 2008, Revlon will introduce a slew of new products in the first half, including ColorStay Minerals, "the first-ever longwearing minerals collection in the mass market" as well as Revlon Custom Creations Foundation and Almay foundations, makeup remover and other products. Net sales grew 11% to $339.7 mil., and the firm experienced a net loss of $10.4 mil. compared with a net loss of $100.5 mil. in the prior-year quarter...