NEW YORK — Beauty company Revlon announced on Thursday first-quarter sales results, which benefited from higher net sales of Revlon color cosmetics and Revlon ColorSilk hair color, as well as the inclusion of sales from SinfulColors.
“We continue to focus on driving top-line profitable growth, and in the first quarter of 2012, we grew net sales and delivered competitive margins. We remain focused on building our strong brands by launching and appropriately supporting innovative new products, and we are pleased with our new product launches so far this year,” Revlon president and CEO Alan Ennis said.
Net sales during the quarter totaled $330.7 million, compared with $333.2 million in the year-ago period. Excluding unfavorable foreign currency fluctuations of $4 million, net sales rose 0.5% to $1.5 million.
In the United States, net sales slipped 0.8% to $184.7 million. Lower net sales of Almay color cosmetics and Revlon beauty tools were partially offset by the inclusion of net sales of SinfulColors, which the company acquired in March 2011.
Net income during the quarter was $8.5 million, or 16 cents per diluted share, compared with net income of $10.4 million, or 20 cents per diluted share, in the year-ago period.