Revlon Posts Sales Gains, But Sales Lag 2019 Levels - NewsBreak

Revlon Inc. reported sales gains for its most recent quarter, but the company is still operating at a loss. Revlon reported a 9.2 percent increase in net sales for the period ended Sept. 30 to $521.1 million. The business posted a net loss of $53.1 million, larger than the $44.5 million net loss it reported in the prior-year period. Revlon said that the increase was because of debt it paid off in 2020, as well as currency shifts. "Excluding these impacts, as reported net loss would have improved by $42.3 million," the company said in a statement.