Strong Q2 for Revlon thanks to new product launches
Revlon today announced strong preliminary results for the second quarter, ending 30 June 2008. Revlon reported net sales of approximately $375m, compared to $349.2m in the same period last year. Revlon saw a 6% increase in net sales in the US largely thanks to new product launches. Each of the company’s international regions, Asia Pacific, Europe and Lain America, also experienced net sales growth and margin expansion, compared to the year-ago quarter.
Revlon today announced strong preliminary results for the second quarter, ending 30 June 2008. Revlon reported net sales of approximately $375m, compared to $349.2m in the same period last year. Revlon saw a 6% increase in net sales in the US largely thanks to new product launches. Each of the company’s international regions, Asia Pacific, Europe and Lain America, also experienced net sales growth and margin expansion, compared to the year-ago quarter.
In addition, the company turned around a net loss of $11.3m in the second quarter of 2007, to gain a net income of approximately $20m and its operating income was $60m, compared with last year’s second quarter result of $16.9m.
Revlon president and ceo David Kennedy said: “Our strong preliminary results in the second quarter continue to validate our strategy. We continue to focus on the key drivers including innovative high-quality, consumer-preferred new products; effective integrated brand communication; competitive levels of advertising and promotion; and superb execution with our retail partners, who build our brands, particularly the Revlon Brand, and generate sustainable profitable sales growth.”