Colour cosmetics drive growth
Revlon has reported second quarter net sales of $327.7m, ended 30 June, an increase of 1.8% on the previous year. The growth, says the company, was driven by higher net sales of Revlon colour cosmetics, in particular Revlon ColorSilk.
“In the second quarter of 2010, we delivered improved cash flow and competitive operating margins, while significantly increasing advertising investment to enhance our marketplace competitiveness,” said Revlon president and ceo, Alan T Ennis. “The economic environment remains challenging and we continue to manage our resources carefully, with a focus on the long term profitable growth of our brands.”