Net sales were $330.7m compared to $333.2m in the first quarter of 2011, although Revlon points out that excluding unfavorable foreign currency fluctuations of $4m, net sales increased $1.5m, or 0.5 percent.
The quarter benefited from higher net sales of Revlon color cosmetics and Revlon ColorSilk hair color, and the inclusion of the net sales of SinfulColors for a full quarter, however, these increases were partially offset by lower net sales of Almay color cosmetics and fragrances, as well as lower net sales in Venezuela due to the June 2011 fire at the Company’s local facility.
Brand building
“We continue to focus on driving top-line profitable growth and, in the first quarter of 2012, we grew net sales and delivered competitive margins,” said president and CEO, Alan Ennis.
Источник: CosmeticsDesign.com USA
