Revlon Reports Second Quarter 2018 Results
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Revlon (REV) Reports Q2 Loss of $1.54, Revenues Miss
August 9, 2018 7:09 AM EDTRevlon (NYSE: REV) reported Q2 EPS of ($1.54), versus ($0.27) reported last year. Revenue for the quarter came in at $606.8 million versus the consensus estimate of $637.3 million.
As Reported net sales were $606.8 million in the second quarter of 2018, compared to $645.7 million during the prior-year period. The change in net sales was primarily driven by approximately $30 million in net sales declines related to the Oxford, N.C. SAP service level disruptions impacting the Revlon and Portfolio segments, predominantly in the international market; and also the loss of certain licenses in 2018 in the Fragrance segment.... More