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September 1, 2016
By: TOM BRANNA
Editor
Net income plunged 68% in the second quarter, but Revlon is on the rebound, according to its new CEO. Sales rose in the second quarter as the company begins the process of acquiring Elizabeth Arden, which was announced last month. Revlon’s second quarter net sales rose 1.3% to $488.9 million, but net income fell to $8.3 million from $26.0 million the previous year. “We ended the quarter on a strong trajectory with net sales growth up 3.5%, adjusted for foreign currency,” said Fabian Garcia, R...
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