Revlon Clocks 1.8% Sales Decline In Q4

Revlon Inc REV reported a fourth-quarter FY21 sales decline of 1.8% year-on-year, to $615.2 million, missing the consensus of $645.60 million.
Net sales from the Revlon segment grew 0.2% Y/Y, Elizabeth Arden declined 4.7%, Portfolio increased 8.2%, and Fragrances fell 8.7%.
Gross profit increased 2.2% Y/Y to $374.8 million, with the margin expanding 240 basis points to 60.9%.
The operating margin was 10.9%, and operating income for the quarter jumped 137% Y/Y to $67.3 million.
Adjusted EBITDA fell 3% Y/Y to $108.4 million.
Adjusted EPS of $0.34 declined 44.3% from $0.61 last year.
"While we saw strong consumer demand, we also continued to experience industry-wide supply chain challenges, which impacted our ability to fully meet customer orders to support this consumption," said CEO Debra Perelman.
The company held $120.9 million in cash and equivalents as of December 31, 2021.
Price Action: REV shares are trading lower by 6.49% at $9.16 on the last check Thursday.