Del Labs
This article was originally published in The Rose Sheet
Executive Summary
Third quarter net sales rose 4.7% to $99.7 mil., driven by solid performance of the company's core brands, including Sally Hansen, which maintained its top ranking in the mass market nail care category, Del Labs reports in an Oct. 28 release. Sally Hansen has a 26% market share in the segment the company notes, citing ACNielsen figures. Despite strong sales, overall earnings fell 8.7% to $4.7 mil., impacted by higher advertising and display costs primarily associated with the launch of the brand's new Healing Beauty color range, which bowed early in the year (1"The Rose Sheet" Dec. 2, 2002, p. 3)...
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