Revlon reports Q2 results
NEW YORK — Revlon, which recently added the Pure Ice brand to its portfolio, posted a 4.6% boost in U.S. net sales during the second quarter, due in large part to higher sales of Revlon color cosmetics.
In the United States, net sales totaled $203.9 million, up 4.6% when compared with $194.9 million in the year-ago period.
Total net sales rose 1.7% to $357.1 million, fueled by higher sales of Revlon and Almay color cosmetics and Revlon ColorSilk hair color. Excluding foreign currency fluctuations of $9 million, net sales increased 4.2%.
Net income was $11.1 million, or 21 cents per diluted share, compared with $6.5 million, or 12 cents per diluted share, in the year-ago period. Net income in second quarter 2012 included a net charge of $6.7 million. Net income in second quarter 2011 included $11.3 million in charges.
In early July, Revlon acquired certain assets of Bari Cosmetics, including assets related to the Pure Ice nail enamel, as well as other brands. The acquisition did not impact Revlon’s second quarter 2012 consolidated financial statements.