The what? Revlon has reported Q4 net sales of US$615.2 million, down from US$626.6 million in the previous year, a 1.8 percent drop. 

The details Reported operating income reached US$67.3 million in the fourth quarter of 2021, compared to US$28.4 million during the prior-year period, an improvement of US$38.9 million. 

Looking at segments, Revlon net sales reached US$206.1 million – a 0.2 percent increase YOY. Profit reached US$41.5 million, an 8 percent YOY increase. 

Elizabeth Arden net sales were down 4.7 percent to US$172.6 million, the Portfolio segment grew 8.2 percent to US$111.7 million, while the fragrance segment net sales decreased to $124.8 million, a drop of 8.7 percent. 

FY2021 net sales saw a 9.2 percent increase to US$2,078.7 million, with reported operating income reaching US$103.2 million in 2021, compared to $226.3 million of loss during the prior year.

The why? Debra Perelman, Revlon’s President and Chief Executive Officer, said: “Consumer demand for our brands remained strong in the 4th Quarter, as evidenced by Revlon Color Cosmetics’ 30% year-over-year retail sales growth in the important US Mass channel. 

“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. Starting in the 3rd quarter, our business has been impacted by increased prices on key ingredients and components, logistics challenges across all modes of transportation delaying receipt of goods, and persistent labor shortages.”