By  on March 13, 2007

Revlon has turned its focus to its marquee brands, but the beauty firm continued to deal with the fallout from a tough 2006.

In the fourth quarter ended Dec. 31, Revlon lost $5.5 million, or one cent a diluted share, compared with a profit of $64.3 million, or 17 cents a share, in the year-ago period. Sales fell 14 percent to $378.9 million from $437.8 million in the prior-year period, primarily due to lower product shipments.

Last year, Revlon had shipped Vital Radiance, a brand that was discontinued in September, and the restaged Almay line into retailers in the fourth quarter.

For the year, Revlon’s loss widened to $251.3 million, or 62 cents a share, from a loss of $83.7 million, or 22 cents a share, on flat sales of $1.33 billion.

For complete coverage see tomorrow's issue of WWD.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus