The company reported net sales of $615.2 million in the fourth quarter of 2021, down $11.4 million, or 1.8%, from $626.6 million in the same period last year.
Consolidated net sales for the year ended December 31, 2021 were $2,078.7 million, compared with $1,904.3 million for the year ended December 31, 2020, an increase of $174.4 million, That’s an increase of 9.2%.
Debra Perelman, Revlon President and CEO, said:
She continues: Since the third quarter, our business has been impacted by price increases for key raw materials and components, delays in receiving goods due to logistical issues in all modes of transportation, and persistent labor shortages. ”
business segment
lebron segment Net sales for the three months ended December 31, 2021 were $206.1 million, compared with $205.6 million for the three months ended December 31, 2020, an increase of $0.5 million. million dollars (0.2%).
The increase in net sales was driven by higher net sales of Revlon-branded professional hair care products in all regions and higher net sales of Revlon color cosmetics in North America and Latin America. The increase was partially offset by lower net sales of Revlon-branded beauty tools in North America and lower net sales of Revlon Colorsilk in Asia. In addition, supply chain constraints limited our ability to fulfill customer orders for Revlon Color cosmetics, primarily in North America.
Elizabeth Arden Segment net sales were $172.6 million for the three months ended December 31, 2021, compared with $181.1 million for the three months ended December 31, 2020, down $850 million. million dollars (4.7%).
The decrease in net sales was primarily due to net sales of Prevage in North America and Asia, Ceramides in North America and International, other Elizabeth Arden skincare products in Asia, and other Elizabeth Arden Color products in Asia and EMEA. This is due to the decrease in Specifically, Prevage and Ceramide saw lower net sales due to lower direct-to-consumer e-commerce traffic on his ElizabethArden.com in North America, as well as increased competition and slower growth in China. . This decline was partially offset by higher net sales of green tea and white tea fragrances in Asia and his EMEA, Eight Hour skincare products primarily in the international regions, and strong performance of the travel retail channel in EMEA. it was done.
Portfolio segment Net sales of $111.7 million for the three months ended December 31, 2021, compared with $103.2 million for the three months ended December 31, 2020, down $8.5 million (8.2%) increased.
Portfolio segment net sales growth was primarily driven by net sales of CND nail products in North America and EMEA, net sales of Almay color cosmetics in North America, net sales of American Crew men’s grooming products in North America and International, and Creme of North America and EMEA Nature. This increase was partially offset by lower net sales, primarily from previously launched brands. Additionally, supply chain constraints limited his ability to fulfill customer orders for Almay color cosmetics, primarily in North America.
Going forward, Perelman said the company will “continue to dynamically manage the business while focusing on executing strategy to drive long-term profitable growth.”
