In Latin America, net sales in the third quarter of 2012 were $30.6 million, an increase of $5.0 million, or 19.5%, compared to $25.6 million in the same period last year. Excluding the unfavorable impact of foreign currency fluctuations, net sales in Latin America increased $6.3 million, or 24.6%, primarily due to higher net sales in Venezuela. Venezuela’s increase in net sales was primarily due to the absence of sales for a portion of the third quarter of 2011 as a result of the June 5, 2011 fire that destroyed the Company’s facility there. Net sales in Venezuela and Argentina also benefited from higher selling prices reflecting market conditions and inflation, which accounted for approximately one-quarter of the $6.3 million net sales increase in the region.In Canada, net sales in the third quarter of 2012 were $19.7 million, an increase of $1.9 million, or 10.7%, compared to $17.8 million in the same period last year. Excluding the unfavorable impact of foreign currency fluctuations, net sales increased $2.2 million, or 12.4%, primarily due to higher net sales of Revlon color cosmetics.
Revlon Reports Third Quarter 2012 Results
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts