Revlon (NYSE:REV) reports revenue rose 3.5% if the impact of the currency swings is backed out in Q2.
Consumer segment net sales grew 1.4% (+3.9% on a constant currency basis) to $359.5M primarily driven by higher net sales of Revlon color cosmetics, SinfulColors color cosmetics, Mitchum anti-perspirant deodorants, and Cutex nail products.
LEA TAMBIÉN: Renzo Costa estrena zapatería
Professional segment net sales fell 0.1%(+0.6% on a constant currency basis) to $123.3M primarily due to higher net sales of Revlon Professional hair products and American Crew men’s grooming products throughout our international territories.
Gross margin rate decreased 170 bps to 64.9%.
SG&A expense rate down 80 bps to 53%.
Adjusted EBITDA fell 1.1% to $89.1M.
Operating margin rate declined 190 bps to 10.7%.
Fuente: Seeking Alpha
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