Coronavirus Pandemic Causes Revlon Sales Dip for 2020

9 May

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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9 May

Olaplex OLPX Q1 Earnings 2024: Sales Slide Double-Digits

by Beautifaire101

Beauty, Featured

Olaplex’s financial woes continued into the primary quarter. Net sales on the beleaguered hair care company fell 13.1 percent to $98.9 million within the quarter ending March 31. By channel, sales within the skilled channel fell 19.9 percent to $38.7 million; specialty retail slid 1.2 percent to $34.4 million, and direct-to-consumer dropped 15.7 percent to $25.7 million. Within the U.S., sales rose 2.5 percent, while the international business slid 24.3 percent. Net income plummeted 63.1 percent and adjusted net income decreased 34.4 percent. Diluted earnings per share fell to 1 cent, while adjusted diluted EPS dropped to three cents. Olaplex is maintaining its guidance for fiscal 2024, anticipating between $435 million and $463 million in net sales. The corporate’s share price increased 17.14 percent to $1.64 at market...

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26 Apr

Ritual’s Katerina Schneider on Women’s Health, Clinical Trials, Sales

by Beautifaire101

Beauty, Featured

Pregnant and struggling to search out an efficient and clean prenatal vitamin, Katerina Schneider got down to create her complement brand Ritual. On the time investors told her she couldn’t have a business and children. Now, eight years later, the founder and chief executive officer has three daughters and a growing company expected to exceed $200 million in sales this 12 months. With this, sources have told WWD the brand, which has raised greater than $65 million up to now, could possibly be prime for acquisition. “We were born out of the web and Instagram in a way. We were essentially the most Instagrammable vitamin and now what we’re becoming known for, which I’m happy with is, this company that’s setting...

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29 Mar

Gen Alpha Is Driving 49 Percent of Mass Skin

by Beautifaire101

Beauty, Featured

This text was updated on March 22 at 10:55 a.m. EST. Gen Alpha is fueling sizable growth in skincare. Despite only 26 percent of households counting a member of the cohort, tweens are driving 49 percent of mass skincare’s growth, in line with data from NIQ. “We’ve traced [momentum] back to this general phenomenon of youngsters moving into the skincare category more quickly,” said Anna Mayo, vice chairman of NIQ’s beauty vertical, adding that cleansers, serums and masks are among the many products young consumers are mainly reaching for. While average prices are up 8 percent in facial skincare in mass, inflation isn’t the one factor keeping sales afloat. “Beauty consumers are reallocating more of their dollars towards beauty at the...

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