Revlon Posts Strong Sales Gains In 3Q 2016

Beauty brand Revlon, Inc., reported net sales jumped 28.3 percent to $604.8 million in the third quarter of 2016, compared with the same period in the previous year. On a pro forma basis, total net sales increased 1.0 percent to $745.1 million, compared with the previous year. As reported net loss was $4.7 million, while pro forma net loss was $0.5 million. Total adjusted EBITDA was $113.4 million, an increase of 34.8 percent from the previous-year quarter.