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Revlon Q2 2019 Sales Decrease More Than 3%

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Revlon has released its financial results for the second quarter of 2019. 

According to the company, Q2 2019 sales reached $570.2 million, a 3.3% decrease when compared to $606.8 million during Q2 2018. The decrease was reportedly driven by declines in the Portfolio and Fragrances segments. The company did, however, see sales growth in the Elizabeth Arden segment. 

Sales by Segment

  • Revlon Q2 2019 sales reached $251.5 million, compared to $258.3 million in Q2 2018.
  • Elizabeth Arden Q2 2019 sales reached $117.4 million, compared to $106.1 million in Q2 2018.
  • Portfolio Q2 2019 sales reached $118.7 million, compared to $147.6 million in Q2 2018.
  • Fragrances Q2 2019 sales reached $82.6 million, compared to $94.8 million in Q2 2018. 

Debra Perelman, President and CEO of Revlon, said, "We are pleased with our continued momentum and strong growth in many of our key markets and brands and are working hard to counter the broader market downturn in the U.S. mass market. We are focused on executing with excellence our new product launches here in the U.S. and around the world and our optimization program which is on track to deliver significant cost reductions, as well as continuing to grow in our key strategic investment areas such as China and e-commerce expansion."