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.
A room full of toiles at the haute couture atelier in the Dior exhibition at Les Arts Décoratifs, open in Paris since July 5. This is just one of three major exhibitions that have been timed to coincide with the house's 70th anniversary. See the rest of the exhibits, plus read WWD's look into the iconic brand's history. Link in bio. #wwdfashion (📷: @dominiquemaitre)
For spring, Pamplemousse's Danica Zheng presented her signature slip dresses attached to a white T-shirt along with floral windbreakers, off-the-shoulder cotton blouses and more. For more highlights from the New York trade shows, go to WWD.com. #wwdfashion
The Green Carpet Fashion Awards closed out Milan Fashion Week yesterday. The fashion industry flocked to the event, showing its efforts to support and spread the message of sustainability. Supermodel Gisele Bündchen said "if each one of us took at least one step is this direction, there is no saying how much could be done." #wwdeye #wwdfashion #mfw (📷: Lodovico Colli di Felizzano)
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)