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Revlon Inc narrows Q2 losses, announces SGI
06 Aug '05
10 min read
Revlon will host a conference call with members of the investment community on August 4, 2005 at 10:00 AM EDT to discuss the announcements made. Access to the call is available to the public at company website, in the Investor Relations section, under Events Calendar. A copy of the press release and additional information related to the call will be available in the Investor Relations section of the Company's website, under Press Releases and Financial Reports, respectively.
Second Quarter Results
Net sales in the second quarter of 2005 advanced approximately 1 percent to $318.3 million, compared with net sales of $316.1 million in the second quarter of 2004. Excluding the impact of favorable foreign currency translation, net sales in the quarter were down approximately 1 percent.
In North America(2), net sales declined 4 percent to $198.3 million, versus $206.8 million in the second quarter of 2004. This performance primarily reflected lower licensing revenues stemming from a $5 million prepayment of minimum royalties from a licensee that benefited the second quarter of 2004. Also impacting the comparison were lower shipments of base products, partially offset by strength of new products and a reduction in returns and allowances.
In International, net sales grew 10 percent to $120.0 million, versus $109.3 million in the second quarter of 2004. This performance reflected growth in each of the Company's international regions, as well as the benefit of favorable foreign currency translation. Excluding the favorable impact of foreign currency translation, International net sales advanced approximately 5 percent versus year-ago.
Second Quarter Results
Net sales in the second quarter of 2005 advanced approximately 1 percent to $318.3 million, compared with net sales of $316.1 million in the second quarter of 2004. Excluding the impact of favorable foreign currency translation, net sales in the quarter were down approximately 1 percent.
In North America(2), net sales declined 4 percent to $198.3 million, versus $206.8 million in the second quarter of 2004. This performance primarily reflected lower licensing revenues stemming from a $5 million prepayment of minimum royalties from a licensee that benefited the second quarter of 2004. Also impacting the comparison were lower shipments of base products, partially offset by strength of new products and a reduction in returns and allowances.
In International, net sales grew 10 percent to $120.0 million, versus $109.3 million in the second quarter of 2004. This performance reflected growth in each of the Company's international regions, as well as the benefit of favorable foreign currency translation. Excluding the favorable impact of foreign currency translation, International net sales advanced approximately 5 percent versus year-ago.
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