Alberto-Culver
This article was originally published in The Rose Sheet
Executive Summary
Double-digit sales and earnings gains expected for fiscal first quarter (ended Dec. 31), the company announces at a Jan. 10 Goldman Sachs investment conference. Alberto's packaged goods business posted a 10% sales increase driven by Alberto VO5 and St. Ives. Sally Beauty generated a 15% sales jump in the first quarter, the company reports. Alberto also announced it divested the Indola professional products trademark in Western Europe for $10 mil. Final financial results will be announced Jan. 27 at the company's annual shareholders meeting in Melrose Park, Ill
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Alberto-Culver
First quarter sales increase 13.2% to $525.8 mil., Alberto-Culver reports Jan. 27. Earnings jump 44.1% to $26.8 mil. Income results include the $10 mil. sale of a trademark used in Europe by Alberto's Indola professional hair care unit. The sale resulted in a one-time gain of $6 mil. after income taxes of $3.2 mil. Consumer packages and Sally Beauty Company sales were up 10% and 15%, respectively, as reported previously (1"The Rose Sheet" Jan. 17, In Brief). Packaged goods sales were driven by Alberto VO5, St. Ives and TRESemme. International sales posted a "robust gain" in the period, but profits were lower, as expected, due in part to the launch of Advanced Alberto VO5. Sally stores increased to 2,203
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