Financial News

Elizabeth Arden Lifts Revlon

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By: TOM BRANNA

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Driven by the acquisition of Elizabeth Arden, Revlon, Inc.’s third quarter net sales rose 10.2% to $666.5 million (as reported). However, adjusted consumer segment net sales fell 10.5% to $306.7 million and Elizabeth Arden net sales slipped 9.9% to $248.1 million and the professional segment decreased 9.9% to $107.0 million. “Although we continue to achieve strong sales growth for our core brands internationally, our overall results, which continue to be impacted by the company’s performanc...

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