Sales & Earnings In Brief
This article was originally published in The Rose Sheet
Executive Summary
Revlon First Quarter: North American revenues were $216 mil. in Q1, representing an 11.3% gain from the prior year, Revlon reports during May 4 analyst call. Growth was driven largely by the launch of Vital Radiance and a re-stage of Almay products, company says. Net sales for the period grew 8.2% to $325.5 mil. Revlon experienced an operating loss of $17.2 mil. due to charges related to realignment expenses and shipments of Vital Radiance and Almay. Q1 net loss was $58.2 mil., compared with $46.8 mil. in the prior year quarter...
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