Revlon's Q3 2022 Net Sales Drop 10.1%

Revlon's Q3 2022 results were impacted by lower sales and gross margins.
Revlon's Q3 2022 results were impacted by lower sales and gross margins.

Revlon's Q3 2022 net sales totaled $468.4 million, compared to $521.1 million during the prior-year period, a decrease of 10.1%. Earlier this year, Revlon entered Chapter 11.

Results were impacted in part by foreign exchange impacts totaling $25.8 million.

As reported operating income totaled $12.9 million for the period, compared to an operating income of $34.1 million during the prior-year period, a decrease of $21.2 million.

Results were impacted by lower sales and gross margins.

Adjusted operating income in the third quarter of 2022 decreased by $30.5 million year-over-year to $16.8 million from $47.3 million.

Adjusted EBITDA in the third quarter of 2022 was $50.3 million, versus $82.4 million in the prior-year period.

Finally, the as reported net loss was $152.8 million in the third quarter of 2022, versus a $53.1 million net loss in the prior-year period.


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