Revlon (REV) Reports Q3 Loss of $0.71, Revenues Miss
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Revlon Reports Third Quarter 2019 Results
November 8, 2019 7:30 AM ESTNEW YORK--(BUSINESS WIRE)-- Revlon, Inc. (NYSE: REV) today announced its results for the quarter ended September 30, 2019.
Quarter ended September 30, 2019 summary developments:1
As Reported net sales were $596.8 million in the third quarter of 2019, compared to $655.4 million during the prior-year period, a decline of 8.9%. On a constant currency basis, net sales decreased 7.1% driven primarily by net sales declines in the Portfolio and Revlon segments, partially offset by net sales growth in the Elizabeth Arden segment. Revlon segment net sales declines were primarily driven by retailers reducing inventory and overall... More