Not revving up
Net sales for the quarter increased by 5.7% to $337.2 million. But if you exclude foreign currency fluctuations that added $6.8 million, net sales actually increased by only 3.6%.
That increase was mainly because of the inclusion of Sinful Colors, one of Revlon's latest acquisitions, coupled with higher net sales in Revlon color cosmetics and Revlon ColorSilk hair color. However, these increases were in part offset by lower sales in Venezuela after a fire at Revlon's local facility in June.
Peers such as Avon ( ) was up with third-quarter revenues at $2.5 billion, up by an impressive 18% because of broad-based top-line growth across all categories of its products.
Источник: Motley Fool
