By  on August 3, 2006

NEW YORK - Revlon Inc. widened its second-quarter loss as the beauty firm's troubled Vital Radiance brand hampered sales growth to less than 1 percent.

For the quarter ended June 30, the loss was $87.1 million, or 21 cents a share, versus a loss of $35.8 million, or 10 cents, in the year-ago period.

Sales inched up to $321.1 million from $318.3 million, dragged down by a $17 million returns and allowances provision for Vital Radiance as several big box retailers cut Vital Radiance from a number of their doors. U.S. sales for the quarter were essentially flat at $180 million, with international sales, which now include Canada, increasing approximately 3 percent to $141 million, up from $137 million in the year-ago period.

For the first half of the year, Revlon’s net loss widened to $145.3 million, or37 cents a share, from $82.6 million, or 22 cents a share, in the prior year as sales increased nearly 4 percent to $646.6 million from $619.2 million.

Sales in the U.S. for the first six months rose approximately 5 percent to $378 million from $361 million gained 4 percent to $268 million from $259 million.


For complete coverage, see tomorrow's issue of WWD.

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