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Del Labs Q2

This article was originally published in The Rose Sheet

Executive Summary

Second quarter net sales increased 5.1% to $98 mil. fueled by Sally Hansen, which maintained its number one position in the mass market nail category in the period, and the launch of Healing Beauty cosmetics, the company reports July 29. Net earnings were up 7.6% to $4.9 mil. including an after-tax charge of $1.2 mil. related to severance costs associated with the relocation of the company's manufacturing operations. Relocation to Rocky Point, N.C. from Farmingdale, N.Y. will consolidate manufacturing operations with distribution facility and result in improved operating efficiencies and reduced manufacturing expenses, Del Labs says. Corporate headquarters will remain in Uniondale, N.Y...
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