Alberto Culver reports Q2 earnings
MELROSE PARK, Ill. Alberto Culver reported an increase in net sales for its second quarter.
The maker of such brands as TRESemme St. Ives said net sales increased 11.8% to $384.8 million, compared with the prior-year quarter, while diluted earnings per share increased 7.1% to 30 cents from last year.
Despite the increase in sales, however, Alberto Culver also reported that sales declined 1.7% for the first half of the year, largely due to lower than normal customer service levels as a result of the company’s manufacturing, supply chain and systems disruptions. Additionally, the company’s gross profit margin was 52.2% in the second quarter, compared with 50.3% in the prior-year quarter.
Alberto Culver president and CEO V. James Marino said, “The strength of our brands, led by TRESemme, has enabled us to continue to show positive momentum and generate especially strong growth in our international markets. This comes in the face of a sluggish global hair care category and the impact on our U.S. business from the manufacturing and supply chain issues that we discussed on our last earnings call. While we have made solid progress in restoring customer service levels, particularly in March, we expect some of the disruptions to continue into the current quarter.”
Gillette to sponsor Nascar event in line with ProGlide launch
BOSTON Gillette is sponsoring the Nascar Sprint Cup Series race at Pocono Raceway on June 6, which coincides with the official launch of the Gillette Fusion ProGlide shaving system.
All activities to promote the event, titled the Gillette Fusion ProGlide 500 Presented by Target, will be designed to support the new razor, which will also be available to consumers in stores on June 6.
“We are very excited about upcoming partnership with Pocono Raceway and Target,” stated Michelle Potorski, associate marketing director for Gillette North America. “The race sponsorship provides the perfect opportunity to further enhance our efforts to inform consumers of the engineering advancements and breakthrough technology achieved with the Gillette Fusion ProGlide.”
Nature’s Gate launches new sun care products
NEW YORK Nature’s Gate, a maker of natural personal care products, has announced the launch of its new sunless tanner and faceblock SPF 25. The new products were available in stores as of April.
The Nature’s Gate sunless tanner is formulated with green tea and red raspberry, which fight free radicals. The lightweight, fast-absorbing formula is infused with antioxidant rich olive oil moisturizers.
The new faceblock SPF 25 is fortified with zinc oxide, offering broad-spectrum UVA/UVB protection. It is enriched with vitamins C and E from guava, almond and tomato extracts to help protect skin, while cucumber, aloe and chamomile help soothe skin.