Revlon Inc. saw a greater than 20 percent decline for 2020, as the corporate was negatively impacted by the coronavirus pandemic.
For the total 12 months, Revlon’s net sales declined 21.3 percent to $1.9 billion, with a net lack of $619 million.
The Revlon brand’s sales fell 28.2 percent from the prior 12 months, to $688.4 million. Arden’s sales declined 10.9 percent, to $463.5 million; portfolio segment sales dropped 17.7 percent to $401.3 million, and fragrance sales fell 22.5 percent, to $351.1 million.
“We're seeing signs of broader positive momentum within the business, and with several major 2020 challenges behind us, we consider we're well positioned to capture the reemerging opportunities in the sweetness industry,” said Revlon president and chief executive officer Debbie...
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