You May Also Like
Both Revlon Inc. and Elizabeth Arden Inc. posted losses for the first three months of the year as the consumer became more tentative.
Revlon’s first-quarter losses narrowed to $2.5 million, or breakeven on a per-share basis, from red ink of $35.2 million, or 7 cents, a year earlier. Sales for the three months ended March 31 dipped 2.5 percent to $320.4 million.
?
?
David Kennedy, Revlon’s president and chief executive officer, said the plan was to boost sales of new products while controlling costs.
?
“All combined, we expect to generate sustainable, profitable sales growth and positive free cash flow,” said Kennedy.
?
At
?
“While we were not expecting any improvement in the retail environment this past quarter in
?
For complete coverage, see Friday’s issue of WWD.
?