Jul 30, 2015
2 minutes
Revlon 's second quarter sales up
Jul 30, 2015
The American beauty giant on Wednesday reported positive numbers for its second quarter.
Total company net sales were $482.4 million, compared to $497.9 million in the second quarter of 2014. The company’s exit of its business operations in Venezuela impacted the comparability of period-over-period results, as Venezuela had no net sales in the second quarter of 2015 compared to $8.3 million in the second quarter of 2014.
Excluding Venezuela, total company adjusted net sales were $482.4 million in the second quarter of 2015, compared to $489.6 million in the second quarter of 2014, a decrease of 1.5%. Excluding the impact of foreign currency fluctuations of $30.2 million, adjusted net sales increased $23.0 million, or 4.7%.
Total company EBITDA was $85.9 million in the second quarter of 2015, compared to $88.6 million in the second quarter of 2014.
Net income was $26.0 million for the period, compared $18.1 million for the same period a year prior.
Consumer segment net sales were $354.7 million, compared to $367.3 million in the second quarter of 2014. And professional segment net sales for the quarter were $123.4 million, compared to net sales of $130.6 million in 2014.
Finally, total sales for the U.S. were up 4.6% over last year, $267.0 million, while total International net sales were down to $215.4 million from $242.7 million.
Adding to the announcement, Revlon President and Chief Executive Officer, Lorenzo Delpani, said “During this quarter, we completed our acquisition of the CBBeauty Group and exited our business operations in Venezuela, moving to a distributor model. We also continued to execute our Strategy of Value Creation, investing $14.7 million of planned incremental brand support in the second quarter of 2015.”
For the first half-year, total company net sales were $920.9 million, compared to $967.7 million in the first six months of 2014. Adjusted net sales increased $19.7 million, or 2.1% in the first six months of 2015.
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