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Revlon Inc narrows Q2 losses, announces SGI
06 Aug '05
10 min read
The Revlon brand registered a share of 15.7 percent for the quarter, compared with 16.0 percent in the second quarter of 2004, while the Almay brand advanced to 6.6 percent for the quarter, compared with 5.7 percent in the year-ago period. For the first six months, combined market share advanced 0.2 share points versus year-ago to 22.2 percent. Revlon brand share for the six months was 15.7 percent, versus 16.1 percent in the first six months of 2004, while Almay share was 6.5 percent, versus 5.8 percent in the year-ago period.
In other categories, the Company gained market share in the quarter and six months in hair color and beauty tools, while market share was essentially even for anti perspirants/deodorants.
Six-Month Results
For the first six months of 2005, net sales declined approximately 1 percent to $619.2 million, compared with net sales of $624.5 million in the same period last year.
In North America, net sales of $392.5 million for the first six months were down approximately 5 percent versus net sales of $412.7 million in the same period last year. In International, net sales of $226.7 million advanced 7 percent in the first six months of 2005, versus net sales of $211.8 million in the year-ago period. Excluding the favorable impact of foreign currency translation, International net sales for the six-month period grew 3 percent versus year-ago.
For the first six months of 2005, the Company generated an operating loss of $2.4 million, versus operating income of $18.3 million in the first six months of 2004. Adjusted EBITDA in the first six months of 2005 was $45.9 million, compared with Adjusted EBITDA of $68.2 million in the first six months of 2004.
In other categories, the Company gained market share in the quarter and six months in hair color and beauty tools, while market share was essentially even for anti perspirants/deodorants.
Six-Month Results
For the first six months of 2005, net sales declined approximately 1 percent to $619.2 million, compared with net sales of $624.5 million in the same period last year.
In North America, net sales of $392.5 million for the first six months were down approximately 5 percent versus net sales of $412.7 million in the same period last year. In International, net sales of $226.7 million advanced 7 percent in the first six months of 2005, versus net sales of $211.8 million in the year-ago period. Excluding the favorable impact of foreign currency translation, International net sales for the six-month period grew 3 percent versus year-ago.
For the first six months of 2005, the Company generated an operating loss of $2.4 million, versus operating income of $18.3 million in the first six months of 2004. Adjusted EBITDA in the first six months of 2005 was $45.9 million, compared with Adjusted EBITDA of $68.2 million in the first six months of 2004.
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