Revlon Q2 net sales slide 2%

Published: 31-Jul-2013
Finance

Net income reached $24.7m


US beauty brand Revlon has seen its second quarter net sales fall 2.0% from $357.1m last year to $350.1m. Operating income, however, reached $59.1m compared with $42.8m last year. Net income also grew, reaching $24.7m or $0.47 per diluted share, compared with $11.1m or $0.21 per diluted share in 2012.

Commenting on the results, Revlon President and Chief Executive Officer, Alan T. Ennis, said: "Our net sales in the second quarter of 2013 were essentially unchanged year over year as we benefited from the inclusion of our Pure Ice acquisition offset by continued softness in our Almay brand and the negative impact of business conditions in Venezuela. We continue to support our brands at appropriate levels and are pleased with a number of our new product launches in 2013. As always, we remain focused on our strategic goal of driving profitable growth."

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