Revlon has reported flat net sales for Q3 2015. While Wall Street had expected in the region of $472m, the actual figure dipped slightly to $471.50m for the New York-based beauty operator.
The moribund earnings outlook hit Revlon’s shares, which consequently sank more than 4% to $30.28. However, on a branded basis, Revlon reported higher net sales of hair colourant brand ColorSilk and anti-perspirant deodorant brand Mitchum. But lower net sales of colour cosmetics brand Almay levelled the quarterly sales report.
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