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Revlon Posts Bigger 1Q Loss

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By: TOM BRANNA

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Revlon Inc. reported a higher first-quarter loss due to restructuring costs and operating expenses offset an increase in revenue. For the quarter ended March 31, Revlon reported a loss of $58.2 million (15 cents per share) compared with a prior-year loss of $46.8 million (13 cents per share). Revenue rose 8 percent to $326 million from $301 million. Revlon said spending on the introduction of the Vital Radiance line, along with a revamp of its Almay brand, offset the revenue gains, but the...

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