BEAUTY CARE

Revlon sees lift in Q3

BY Antoinette Alexander

NEW YORK — Revlon announced on Wednesday a boost in third-quarter net income and sales.

For the quarter ended Sept. 30, net income totaled $14.6 million, or 28 cents per diluted share, compared with $9.5 million, or 18 cents per share, in the year-ago period.

Total company net sales increased to $472.3 million from $333.1 million in the year-ago period.

In the consumer segment, net sales decreased 0.9% to $348.2 million compared with pro forma net sales of $351.3 million in the third quarter of 2013. Excluding the impact of foreign currency fluctuations, net sales increased 2%, primarily driven by $8.8 million of favorable returns reserve adjustments in the United States as a result of lower expected discontinued products in the future related to the company's strategy to focus on fewer, bigger and better innovations, partially offset by increased returns expense for current year returns, the company stated.

The third quarter of 2014 also had lower net sales of Almay color cosmetics and SinfulColors color cosmetics, partially offset by higher net sales of Mitchum products, the company noted.

Consumer segment profit in the third quarter of 2014 was $78.1 million, as compared with pro forma consumer segment profit of $80.4 million in the third quarter of 2013. Excluding the impact of foreign currency fluctuations, consumer segment profit during the third quarter increased 1.6%.

In the United States, net sales were $243.8 million, compared with $234.8 million of pro forma U.S. net sales in the third quarter of 2013, an increase of 3.8%.

The beauty company provided pro forma results because of the acquisition of The Colomer Group in October 2013.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?
BEAUTY CARE

Menasha Packaging wins 12 Design of the Times Awards at 2014 Shopper Marketing Expo

BY Michael Johnsen

NEENAH, Wis. — Menasha Packaging won 12 Design of the Times Awards at the 2014 Shopper Marketing Expo in Minneapolis, Minn., the company announced Monday. The DOT Awards celebrate the most inspiring and creative in-store activation tactics and campaigns.
 
Menasha received six silver and six bronze awards in four-of-eight retail channels, including: Consumer Electronics, Convenience, and Drug and Specialty. The promotional solutions leader had 12 out of the 104 total finalists competing in the final judging.
 
“At Menasha, we go beyond our customers’ expectations by uncovering opportunities to take their in-store solutions to uncharted territories in design, shopper engagement and in-store effectiveness,” said Dennis Bonn, VP marketing for Menasha Packaging. “Being recognized with 12 DOT Awards shows our customers that we are committed to developing solutions that standout at retail.”
 
Leading consumer product marketers and retail executives judge the entries using the “4C's of Effective In-Store Activation” criteria and how well the entry Commands attention, Connects with the shopper, Conveys information and Closes the sale. DOT recognition is awarded at four levels: bronze, silver, gold and platinum. One of the platinum winners is then chosen as the year’s recipient of the prestigious “Best of the Times” award.
 
All DOT Award winners were announced on Oct. 22 at the Design of the Times Reception and Ceremony during the 2014 Shopper Marketing Expo.
 
keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?
BEAUTY CARE

Tria Beauty names CEO

BY Antoinette Alexander

DUBLIN, Calif. — Tria Beauty, a maker of at-home beauty devices, has named Peter Wyles as the company's president and CEO.

Prior to joining Tria Beauty, Wyles served as president and CEO of several companies, including ReVENT Medical and Ventus Medical. Wyles spent 15 years at Bayer HealthCare, where he held executive roles in the consumer, pharmaceutical and medical device businesses both in the United States and internationally.

During his career, Wyles launched more than 20 products globally across multiple consumer channels, working with advertising agencies, retailers and commercial partners.

"I am very excited to join Tria Beauty and assume leadership of this leading light-based skincare company," said Wyles. "I look forward to expanding Tria's global footprint on its path to revolutionizing skincare."
 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?