Along with posting mostly positive sales results-Revlon and Unilever both surprised with substantial product news-Revlon’s refinancing charges led the company to post a $6.9 million loss.
Revlon’s first quarter sales, ended March 30, inched up to $331.9 million from $330.7 million, driven by the Revlon brand and its Sinful Colors and Pure Ice nail polish lines. Revlon ColorStay Ultimate Suede lipstick and PhotoReady BB Cream have been among the highlights, the company said. Excluding currency fluctuations of $5.9 million, sales grew 2.1%. However, a net earnings falloff due primarily to refinance fees and select market weaknesses, punished the stock.