×
60 554
Fashion Jobs
MIZZEN+MAIN
Account Executive - Specialty ne & Midwest
Permanent · DALLAS
COTY
Area Sales Manager
Permanent · Miami
LEVI'S
Part-Time Sales Supervisor
Permanent · Katy
SALLY BEAUTY HOLDINGS LLC
Outside Sales Representative -Cosmoprof
Permanent · Colorado Springs
SALLY BEAUTY HOLDINGS LLC
2nd Shift Inventory Control Specialist
Permanent · Jacksonville
NORDSTROM
Asset Protection - Agent - North Point Marketcenter Rack
Permanent · Alpharetta
NORDSTROM
Asset Protection - Agent - The Outlet Collection Rack
Permanent · Auburn
NORDSTROM
Asset Protection - Security Ambassador - Galleria at Roseville
Permanent · Roseville
LULULEMON
Assistant Manager, Operations | Cherry Creek Mall (1 Year Contract)
Permanent · Denver
LULULEMON
Assistant Manager, Operations | Bellevue Square
Permanent · Bellevue
LULULEMON
Assistant Manager, Operations (Hyde Park)
Permanent · Chicago
OLD NAVY
Assistant Manager, Customer Operations - Airport Square
Permanent · North Wales
OLD NAVY
Assistant Manager, Customer Operations - Monroe Mktplace
Permanent · Selinsgrove
OLD NAVY
Asset Protection Coordinator - Florida West
Permanent · Estero
OLD NAVY
Assistant General Manager, Merchandising - Jefferson Mall
Permanent · Louisville
OLD NAVY
Assistant General Manager, Merchandising - Willowbrook-Houston
Permanent · Houston
OLD NAVY
Assistant Manager, Customer Operations - Oshkosh
Permanent · Oshkosh
OLD NAVY
General Manager - Ridgewood Court
Permanent · Jackson
OLD NAVY
General Manager - Monroe Marketplace
Permanent · Selinsgrove
OLD NAVY
Asset Protection Coordinator - Portland
Permanent · Beaverton
OLD NAVY
General Manager - Tikahtnu Commons
Permanent · Anchorage
OLD NAVY
General Manager - Watertown
Permanent · Watertown
Published
Nov 4, 2016
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Revlon third quarter sales jump driven by Elizabeth Arden acquisition

Published
Nov 4, 2016

Revlon on Friday reported its third quarter financial results, which includes the results of Elizabeth Arden. The company completed the acquisition of Elizabeth Arden on September 7, 2016.


Revlon


 
Total net sales increased 28.3% to $604.8 million and increased to $745.1 million on a Pro Forma basis, total net loss was $4.7 million and Pro Forma adjusted net income was $15.8 million, a $21.8 million increase over 2015. Adjusted EBITDA increased 34.8% to $113.4 million and Pro Forma adjusted EBITDA increased 10.4% to $105.5 million.
 
The consumer segment sales fell to $342.8 million from $348.1 million, while the professional segment increased to $118.8 million from $114.5 million. Elizabeth Arden contributed $135.2 million in total sales and $275.5 million on a Pro Forma basis. Total company segment profit increased to $137.1 million from $108.0 million in the prior third quarter.

The Revlon consumer segment struggled in North America with sales falling 5.3% from the prior year quarter, but this was offset by a 9.7% increase in international net sales. The professional segment increased 2.2% in North America and 6.3% internationally, driven primarily by Revlon Professional hair products and American Crew men’s grooming products.
 
Revlon President and Chief Executive Officer, Fabian Garcia, said, “Reporting as a combined organization for the first time since completing the Elizabeth Arden acquisition, we are pleased to share that the total company has continued its growth trajectory through the third quarter, with reported net sales up 30.0% XFX, or up 2.5% on a pro forma, XFX basis. All four of our reporting segments, Consumer, Professional, Elizabeth Arden and our Other segment, delivered XFX net sales growth in the quarter, with Elizabeth Arden and the Professional businesses realizing increases in both of the North America and International regions.”
 
Revlon acquired Elizabeth Arden for $870 million, or $14.00 per share. The company announced in June that it would acquire Elizabeth Arden in an effort to better compete with Estée Lauder and L’Oréal. Elizabeth Arden Chief Executive Scott Beattie joined the Revlon board as a non-executive vice chairman and advisor to Garcia.
 
The acquisition also had a positive impact on the company’s nine-month net sales, which increased 10.1% to $1,533.3 million from $1,392.4 million. Total Pro Forma Adjusted EBITDA increased 15% to $260.0 million from $226.0 million and net loss was $34.2 million compared to $139.2 million.

Copyright © 2022 FashionNetwork.com All rights reserved.