Revlon Reports Third Quarter 2019 Results
Revlon, Inc. New (REV)
Last revlon, inc. new earnings: 11/8 07:30 am
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Revlon, Inc. (NYSE: REV) today announced its results for the quarter ended September 30, 2019.Quarter ended September 30, 2019 summary developments:1As Reported net sales were $596.8 million in the third quarter of 2019, compared to $655.4 million during the prior-year period, a decline of 8.9%. On a constant currency basis, net sales decreased 7.1% driven primarily by net sales declines in the Portfolio and Revlon segments, partially offset by net sales growth in the Elizabeth Arden segment. Revlon segment net sales declines were primarily driven by retailers reducing inventory and overall category declines.As Reported operating income improved to $16.7 million in the third quarter of 2019, compared to $2.3 million during the prior-year period. The higher operating income was driven primarily by cost reductions related to the Company's cost optimization initiatives and improved gross profit margin.As Reported net loss increased to $44.7 million in the t
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