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Revlon Sees Negative Impact From Vital Radiance

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By: TOM BRANNA

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Revlon said it expects adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) to be a loss of about $30 million for the second quarter. According to the company, this outlook reflects a negative impact of $40 million from returns related to the launch of its Vital Radiance color cosmetics brand, which saw roughly $20 million in returns related to space reductions with certain large format customers, where performance was also well below expectations, as well as anticipa...

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