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Sales down in the U.S., but company has hope for 2011.
October 28, 2010
By: TOM BRANNA
Editor
Revlon, Inc. posted the latest results for the third quarter ended Sept. 30, 2010. Net sales fell 2.2% to $319.0 million, while operating income slipped 3% to $39.3 million. Net income decreased 9% to $12.5 million. In the U.S., net sales fell 9.3% to $166.7 million. The decrease in net sales was primarily driven by Revlon color cosmetics and Almay color cosmetics. Commenting on the announcement, Revlon President and Chief Executive Officer, Alan T. Ennis, said, “We continue to focus on bu...
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