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Revlon Reports Q3
Posted: November 6, 2008Revlon, Inc. announced net sales of $334.4 million in the third quarter, 2008, compared to $330.8 million in the same period last year. Operating income of $19.8 million, unchanged compared to the year-ago period. Over the first three quartters, net sales were $1,012.6 million, compared to $993.8 million over the same period last year.
"We have executed our strategy and profitably grown our business during the first nine months of this year," said David Kennedy, president and CEO, Revlon. "Specifically, we have launched a comprehensive and successful new lineup of Revlon and Almay color cosmetics products, supported our brands with appropriate levels of advertising and promotional support, increased our margins and improved our capital structure. As we continue to support our extensive second half 2008 new product introductions, we expect increased levels of advertising and promotional support in the fourth quarter of 2008 compared to the fourth quarter of 2007. For the year 2008, we expect improved operating margins, profitability and free cash flow from continuing operations, compared to 2007, driven by strength in the Revlon brand, and efficiencies and cost controls throughout the company."
For the full report and charts, see Revlon's site.