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Del Labs

This article was originally published in The Rose Sheet

Executive Summary

First half net sales increase 7.8% to $139.4 mil., paced by the Sally Hansen and Orajel brands, but revenues slipped 1.5% to $74 mil. for the quarter. Net earnings for the quarter slid 18.8% to $4.4 mil. For the half, net earnings grew 18% to $7.7 mil. During the quarter, Del expanded its beauty portfolio with the $10.8 mil. purchase of Cornsilk from Chattem ("The Rose Sheet" May 18, p. 4). Del plans to market the makeup brand under the Sally Hansen umbrella...
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