Unit volume increased 2.5% with 1.0%
lower pricing due to increased promotional activities and 0.5% negative foreign
exchange. Organic sales increased 1.5%
during the quarter.
Latin America net sales decreased
4.0% in the second quarter 2014. Unit
volume increased 3.0% with 5.0% higher pricing and 12.0% negative foreign
exchange. Volume gains were led by
Venezuela, Mexico and Colombia and
were partially offset by volume declines
in Brazil. Organic sales for Latin America
increased 8.0% during the quarter.
Europe/South Pacific net sales increased 6.0% in the second quarter.
Unit volume increased 4.5% with 2.5%
lower pricing due to increased promotional activities and 4.0% positive foreign exchange. Volume gains were led by
Australia and France. Organic sales for
Europe/South Pacific increased 2.5%. Asia
net sales decreased 1.5% during second
quarter 2014. Unit volume increased 2.5%,
with 0.5% higher pricing and 4.5% negative foreign exchange. Volume gains were
led by the Philippines, India and Thailand.
Organic sales for Asia increased 3.0%, according to the company.
•Revlon reported a 44% increase in
third quarter sales. Results approached
$498 million, as the company included
sales from the Colomer division, which
Revlon repurchased last year. Net income
declined 26% to $18 million.
Consumer segment net sales increased
1.2% to $367.3 million in the second quarter, primarily driven by higher net sales
of Revlon color cosmetics and Revlon
ColorSilk hair color, partially offset by
lower net sales of Almay color cosmetics. The consumer segment also includes
the results of retail brands acquired in
the TCG acquisition. Professional sales
rose due to higher net sales of American
Crew, Revlon Professional and Creme of
US sales rose 3.3% in the quarter
to $255.2 million. Within the consumer
segment, the company reported higher
sales of Revlon color cosmetics, Revlon
ColorSilk hair color and SinfulColors color
cosmetics, partially offset by lower sales of
Almay color cosmetics.
Within the professional segment,
the company had higher US net sales of
Creme of Nature and CND nail products,
as well as higher net sales from contract
manufacturing services, partially offset by
lower US net sales of CND Shellac in the
second quarter of 2014.
International sales increased 2.2% to
$242.7 million. For the six months, sales
rose 44% to nearly $968 million and net
income increased more than 32% to $23.6