BEAUTY CARE

Revlon’s Q2 boosted by Sinful Colors acquisition, net sales for color cosmetics

BY Antoinette Alexander

NEW YORK — Revlon, which has been taking steps to improve its capital structure, posted a boost in second-quarter net sales, largely due to the inclusion of the recently acquired Sinful Colors brand and higher net sales of Revlon color cosmetics.

"In the second quarter of 2011, consistent with our strategy of driving profitable growth, we delivered top line growth of 4%, while supporting our brands at appropriate levels and maintaining competitive operating margins," Revlon president and CEO Alan Ennis said.

"From a marketplace perspective, we introduced successful, innovative, high-quality, consumer-preferred products into the global marketplace, and our acquisition of Sinful Colors is transitioning well and performing to expectations," Ennis continued. "In the quarter, we improved our capital structure by refinancing our bank credit facilities, reducing the interest rates on our debt and extending maturities."

Net sales in the quarter were $351.2 million, an increase of $23.5 million, or 7.2%, compared with $327.7 million in the same period last year. Excluding favorable foreign currency fluctuations of $10.5 million, net sales increased by $13 million, or 4%.

In the United States, net sales were $194.9 million, an increase of $15.6 million, or 8.7%, compared with $179.3 million in the same period last year. The increase primarily was driven by the inclusion of the net sales of Sinful Colors, which Revlon acquired in March, and higher net sales of Revlon color cosmetics.

Net income during the quarter was $6.5 million, or 12 cents per diluted share, compared with net income of $16.4 million, or 31 cents per diluted share, in the same period last year. Net income in second quarter 2011 included charges of $11.3 million, before tax, related to the early extinguishment of debt as a result of the refinancing of the company’s bank credit facilities. The current quarter’s net income also included a foreign currency loss of $1.7 million related to the remeasurement of Revlon Venezuela’s balance sheet.

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Slice announces debut of new beauty tools

BY Antoinette Alexander

SAN FRANCISCO — Slice, a maker of cutting tools for home, school, office and industry, has announced that it will debut at the upcoming Cosmoprof North America in Las Vegas a line of new beauty tools designed by architect and designer Michael Graves.
 
The initial 12 designs are the result of a two-year collaboration between Slice and Graves, and include six different models of tweezers, nail scissors, cuticle scissors, fingernail clippers, toenail clippers, a ceramic nail file and cosmetic pencil sharpener.
 
Based on the concept of river stones, the products are designed to be comfortable to use and hold in the hand, and feature such materials as ceramics, DuPont Hytrel and German blades. The suggested retail prices range
from $9.99 to $19.99.
 
The products will be sold to professional beauty supply stores, salons, and to retailers worldwide, as well as via SliceProducts.com. Six styles of tweezers and the cosmetic pencil sharpener now are available and shipping, with the balance of products shipping first quarter 2012. Slice will debut the entire new line at CosmoProf North America, which runs from July 31 through Aug. 2.

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Allegro unveils new Modella 2011 fall/winter collection

BY Antoinette Alexander

LOS ANGELES — Allegro, a division of Conair, has unveiled the new Modella 2011 fall/winter collection, which combines fashion and function with a variety of cosmetic and travel accessories in trendy colors and designs, ranging from pink florals and vibrant plaid to wild cheetah prints.

The 2011 fall/winter collection, which retails for between $1.97 and $19.99, features 11 new lines of cosmetic and travel accessories for both girls and guys. The collection includes the following lines and styles:

Classic Zebra (Walmart exclusive)

  • Getaway set, $19.97;

  • 4-piece train set, $13.97;

  • Valet, $14.97;

  • Mini train, $9.97; and

  • Wristlet, $3.97.

Picture Perfect (Walmart exclusive)

  • Tote set, $16.97;

  • Fitted weekender, $14.97;

  • Short train, $9.97;

  • Rectangle organizer, $4.88; and

  • Purse kit, $2.97.

Bangkok (Walmart exclusive)

  • Weekender, $14.97;

  • Mini train, $9.97; and

  • Purse kit, $2.97.

Craft Fare (Walmart exclusive)

  • Tote set, $16.97;

  • 3-piece train set, $13.47;

  • Mini train, $9.97; and

  • Purse kit, $2.97.

Bubble Trouble (Walmart exclusive)

  • 3-piece train set, $13.47;

  • Short train case, $9.97;

  • 3-piece clutch set, $7.97;

  • Rectangle organizer, $4.88; and

  • Purse kit, $2.97.

Cheetah Chic (Walmart exclusive)

  • Tote set, $16.97;

  • 3-piece train set, $13.47;

  • Fitted valet, $14.97; and

  • Purse kit, $2.97.

Check Mate (Walmart exclusive)

  • Weekender, $14.97;

  • 3-piece train set, $13.47; and

  • Wristlet, $3.97.

Everyday Jacquard (Walmart exclusive)

  • Traveler, $19.97

Leopard Love (Walmart exclusive)

  • Bowler duffle, $11.47

Beauty Basics (Walmart exclusive)

  • Black dots 2 zip purse, $3.47;

  • Duffle PVC, $11.47;

  • PVC TSA bag, $5.97; and

  • Clear purse, $1.97.

Men’s Kits (Walmart exclusive)

  • Large men’s kit, $9.97;

  • Rectangle men’s kit, $5.97; and

  • PVC men’s kit, $4.88.

Wild Child (available at Walgreens)

  • Fitted weekender, $19.99;

  • Cosmetic box, $9.99;

  • Foldover clutch, $8.99; and

  • Purse kit, $3.99.

Marseille (available at Walgreens)

  • Weekender, $17.99;

  • 2-piece train case, $12.99;

  • Clutch, $7.99; and

  • 2 -piece purse kit, $5.99.

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