Q3 results show Revlon US sales up nearly 5%
This quarter total US net sales are up 4.6%. The company reports sales of $255.0m in comparison to $243.8m in Q3 of 2014.
The US consumer segment did well thanks to higher net sales of Revlon color cosmetics and Revlon ColorSilk hair color. While the company’s Almay brand of color cosmetics saw lower net sales.
The US professional segment didn’t fare so well this quarter, a decrease the company attributes to lower net sales of CND nail products. Though the multi-cultural hair care product line Creme of Nature did well for Revlon, which stands to reason as there is strong consumer demand for such products.
Global sales
International sales are down 5.3%, from $228.5m in Q3 of 2014 to $216.5m this year; a figure that puts Revlon’s total net sales at a loss of 0.2%.
Internationally the company’s credits “certain distributor markets” with driving sales and notes that net sales of Revlon color cosmetics, Revlon ColorSilk hair color, and Mitchum anti-persipirant deodorants are up. Additionally, “international net sales increased in the Professional segment primarily due to higher net sales of Revlon Professional hair products and American Crew men’s grooming products,” explains the company in a statement to the press announcing the results.
On track
Revlon leaders are positive about the company’s performance. “This quarter’s results were very strong, with Adjusted net sales growth of 6.8% and Adjusted EBITDA growth of 8.7%, excluding the impact of foreign currency adjustments (“XFX”), says president and chief executive officer, Lorenzo Delpani, in that statement.
The company attributes the numbers to its Strategy of Value Creation, and Delpani explains that “in the first nine months of 2015 we have been in investment mode, with an incremental $35.8 million of brand support versus prior year. This confirms our commitment toward the growth of our brands and we are pleased with the results.”
