Revlon reports upswing in Q1 net sales, income
NEW YORK — Revlon, which recently added the Sinful Colors brand to its portfolio, announced on Thursday an upswing in first-quarter net sales and net income.
"Our first-quarter results demonstrate the continued execution of our business strategy and our focus on driving growth," stated Alan Ennis, Revlon president and CEO. "Net sales increased 9% year-over-year, we delivered net sales growth in all regions and we added the Sinful Colors brand to our portfolio in March 2011. We also sustained competitive operating margins while significantly increasing investment to support our brands. We remain focused on delivering on our strategic objective of profitably growing our business."
On March 17, Revlon acquired certain assets, including trademarks and inventory, related to Sinful Colors cosmetics, as well as other brands with products that are sold primarily in the U.S. mass market.
For the quarter ended March 31, Revlon’s net sales totaled $333.2 million, up 9.1%, compared with the year-ago period. Net income totaled $10.4 million, or 20 cents per diluted share, compared with $2.2 million, or 4 cents per share, in the year-ago period.
In the United States, net sales were $186.2 million, up 2.3%, compared with the year-ago period. The increase was driven primarily by higher net sales of Revlon and Almay color cosmetics, which partially were offset by lower net sales of Revlon ColorSilk hair color. Net sales of Revlon color cosmetics increased in part because of lower promotional allowances as compared with first quarter 2010.
Colgate-Palmolive sees boost in sales
NEW YORK — Colgate-Palmolive announced on Thursday that worldwide net sales rose 4.5% during the first quarter as net income and diluted earnings per share totaled $576 million and $1.16, respectively.
Worldwide net sales totaled about $4 billion during the first quarter, an increase of 4.5% compared with the year-ago period. Organic sales grew 1.5%.
"We are pleased to have met earnings expectations this quarter despite very sharp increases in material costs and an intense competitive environment globally," stated Ian Cook, chairman, president and CEO. "Colgate’s global market shares in toothpastes and manual toothbrushes are both at record highs year-to-date. Colgate’s share of the global toothpaste market strengthened to 44.7% year-to-date, up 0.6 share points versus [a] year ago. Our global leadership in manual toothbrushes also strengthened during the quarter, with Colgate’s global market share in that category reaching 32.4% year-to-date, up one share point versus [a] year ago."
In North America, which accounts for 18% of company sales, net sales declined 4.5% in the first quarter, and organic sales declined 5%.
In the United States, new product launches, including Colgate Sensitive Multi-Protection and Colgate Max Clean SmartFoam toothpastes, and the relaunch of Colgate Total toothpaste are strengthening Colgate’s leadership in toothpaste, the company stated. Its share of that market has reached 35.9% year-to-date, up 0.3 share points versus the year-ago period.
New products launched late in the first quarter and reaching store shelves now include Colgate Total Gum Defense toothpaste, Softsoap Body Butter Strawberry Smoother body wash and a new line of Irish Spring deodorants and antiperspirants.
Personal Care Products Council, American Cleaning Institute launch FightGermsNow.com
WASHINGTON — The Personal Care Products Council and the American Cleaning Institute have teamed up to launch a new website, FightGermsNow.com, to provide consumers, researchers and regulators information on antibacterial soaps and ingredients.
"We are proud to launch FightGermsNow.com as a reliable, fact-based resource on antibacterial soaps and ingredients," said Brian Sansoni, ACI VP communication. "This site contains information on the science behind the safety and effectiveness of these products that are used by millions of Americans every single day."
"Surveys show that a majority of Americans use and benefit from antibacterial soaps on a daily basis, whether it’s in homes, hospitals, restaurants, day care centers or workplaces," added Kathleen Dezio, EVP public affairs and communications for the Personal Care Products Council. "This support remains strong even in the face of a relentless flow of misinformation about these products over the last several years."
FightGermsNow.com contains fact sheets on antibacterial soaps and ingredients, information on how these products are regulated, a summary of research and data showcasing their safe and effective use, and news updates and links to relevant articles concerning antibacterial soaps and ingredients.