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Alberto-Culver

This article was originally published in The Rose Sheet

Executive Summary

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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