Procter & Gamble continued to post stronger quarterly results, with profits also bouncing back, but both beauty and grooming sales are down as the company continues to fight in order to maintain its market share in these categories.
A big rise in second quarter sales comes off the back of significant growth in the company’s celebrity endorsed fragrances sales worldwide, but the performance still came in below expectations, forcing the company to lower its outlook.
Despite an overall increase in net sales, cosmetic leader, Revlon,
reported a third quarterly loss on Tuesday, due to costs incurred
for the discontinuation of unsuccessful product line, Vital
Radiance, and company restructuring.