Revlon has announced its first quarter 2022 results that showed net sales were $479.6 million, compared to $445.0 million during the previous year, representing an increase of 7.8%.
Gross profit for the quarter was $282.7 million, compared to $253.8 million in the previous year.
Reported operating income was $23.7 million, compared to an operating loss of $12.7 million during the previous year.
Reported net loss was $67.0 million, compared to a $96.0 million net loss in the previous year.
Revlon Segment
The Revlon segment, which includes color cosmetics, hair care and beauty tools, reported net sales for Q1 were $182.1 million, compared to $162.0 million in the previous year.
Elizabeth Arden Segment
The Elizabeth Arden segment reported net sales for Q1 were $114.9 million, compared to $112.2 million in the previous year.
Fragrances Segment
The fragrances segment reported net sales for Q1 were $83.4 million, compared to $74.8 million in the previous year.
Portfolio Segment
The portfolio segment reported net sales for Q1 were $99.2 million, compared to $96.0 million in the previous year.
Debra Perelman, Revlon's president and CEO said, “While the supply chain challenges continue to have an impact, our first quarter results were strong on both the top and bottom line. Each of our reporting segments grew over the prior year, and we experienced our best Q1 adjusted EBITDA in six years. Revlon is executing against our well-established strategic plan of focusing on our core, iconic brands in key markets as well as our digital acceleration to drive long-term, sustainable growth while protecting profitability and managing our liquidity. We continue to manage our business dynamically as we navigate ongoing macroeconomic uncertainty.”
