Revlon 1Q Loss Grows

Revlon posted a wider first quarter loss of $58.2 million, compared to $48.7 million one year ago as the company retired debt and took other actions to shore up its balance sheet.

Sales for the quarter totaled $308 million, up 6% from $292 million. The quarter ended March 31.

International sales showed stronger growth than North American sales.

International sales grew 18% to $102 million, reflecting growth in Asia and Latin America, the company said. North American sales, which include the U.S. and Canada, grew 1% to $206 million.

Market share was 17% for the quarter, about even with the 17.1% share the brand achieved one year ago. The company gained share in hair color and beauty tools, but lost market share in the antiperspirants/deodorants category.