This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Revlon Reports Second Quarter 2012 Results

In the United States, net sales in the second quarter of 2012 were $203.9 million, an increase of $9.0 million, or 4.6%, compared to $194.9 million in the same period last year. The increase was primarily driven by higher net sales of Revlon color cosmetics.

In Asia Pacific, net sales in the second quarter of 2012 were $55.8 million, a decrease of $2.7 million, or 4.6%, compared to $58.5 million in the same period last year. Excluding the unfavorable impact of foreign currency fluctuations, net sales decreased $1.7 million, or 2.9%, primarily due to lower net sales of Revlon color cosmetics in China and Australia and lower net sales of other beauty care products in Hong Kong. These lower net sales were partially offset by higher net sales of Revlon color cosmetics and Revlon ColorSilk hair color in certain distributor territories.

In Europe, Middle East and Africa, net sales in the second quarter of 2012 were $44.4 million, a decrease of $7.6 million, or 14.6%, compared to $52.0 million in the same period last year. Excluding the unfavorable impact of foreign currency fluctuations, net sales decreased $1.8 million, or 3.5%. Lower net sales of fragrances in the U.K. and certain distributor territories and lower net sales of Revlon color cosmetics in France, Italy and certain distributor territories were partially offset by higher net sales of Revlon color cosmetics in the U.K.

In Latin America, net sales in the second quarter of 2012 were $32.3 million, an increase of $6.0 million, or 22.8%, compared to $26.3 million in the same period last year. Excluding the unfavorable impact of foreign currency fluctuations, net sales increased $7.3 million, or 27.8%. The increase was primarily due to higher net sales of Revlon and Almay color cosmetics and Revlon ColorSilk hair color throughout the region. Venezuela’s increase in net sales in the second quarter of 2012 as compared to the same period last year was primarily due to the absence of sales in June 2011 as a result of the June 5, 2011 fire that destroyed the Company’s facility there. Net sales in the region also benefited from higher selling prices in Venezuela and Argentina, reflecting market conditions and inflation, which accounted for approximately one-third of the $7.3 million net sales increase in the region.

Stock quotes in this article: REV 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs