Alberto Culver reports record sales for Q4 2008
MELROSE PARK, Ill. Alberto Culver, whose brands include TRESemme, Alberto V05, Nexxus and St. Ives, reported record sales and pre-tax earnings from continuing operations for its fourth quarter and fiscal year.
“We are very pleased to have completed another year of record sales and pre-tax earnings growth for Alberto Culver and our shareholders. Despite soft hair care category trends in key markets like the United States and the U.K., we were able to generate high single-digit organic revenue growth in both the quarter and the year,” president and chief executive officer V. James Marino said. “In the fourth quarter, we also successfully completed the divestiture of Cederroth International and, on Oct. 1, acquired Noxzema, adding an iconic, well-known skin care brand to our portfolio.”
As a result of the Cederroth International divestiture, continuing operations exclude the results for Cederroth.
In the fourth quarter, net sales increased 7.3 percent to $386 million from $359.7 million in the year-ago period.
Pre-tax income from continuing operations increased 20.2 percent to $45.4 million from $37.8 million in the year-ago quarter. Excluding restructuring of $1.6 million in the current quarter and $1.1 million in the prior year quarter, pre-tax earnings from continuing operations increased 21 percent to $47 million compared with $38.9 million in the year-ago period.
Fiscal fourth-quarter profit from continuing operations was $20.2 million, or 20 cents per share, compared with $29.4 million, or 29 cents per share, in the year-ago period.
For the fiscal year, net sales increased 9.7 percent to $1.44 billion from $1.32 billion.
Pre-tax income from continuing operations, which includes restructuring and discrete items of $7.3 million in the current year and $33.1 million in the prior year, increased to $170.8 million from $100.8 million in the prior year. Excluding restructuring and discrete items, pre-tax earnings from continuing operations increased 33 percent to $178.1 million compared with $133.9 million in the year-ago period.
Earnings from continuing operations were $106 million compared with $72.6 million in the year-ago period. Diluted earnings per share from continuing operations increased to $1.05 from 74 cents in the year-ago period.
CCA presents donation to YSC support, advocacy group for breast cancer patients
EAST RUTHERFORD, N.J. CCA Industries has presented a donation of $92,143.25 to the Young Survival Coalition. The donation was presented by CCA Industries president Dunnan Edell and accepted by chief executive officer Marcia Stein, on behalf of YSC.
The YSC is a breast cancer support and advocacy group dedicated to the concerns and issues that are unique to young women with breast cancer.
The money was generated from CCA’s Nutra Nail brand YSC promotion that donated a portion of the sales of each specially marked package included in promotional displays and open stock.
Participating accounts included CVS, Drug Fair, Duane Reade, Family Dollar, Fred Meyer, HEB, Longs Drug Stores, Marc Glassman, Meijer, Publix, Rite Aid, Ulta, Walgreens and Wal-Mart.
CCA is offering the YSC Nutra Nail event again this year and expects even greater participation with a goal of more than $100,000 in support of the YSC.
Always announces innovation in feminine care with Always Infinity launch
CINCINNATI Procter & Gamble has announced the introduction of Always Infinity, a launch the personal care company has coined as the biggest innovation to hit the feminine care category in years.
What makes the pad unique, according to P&G, is Infinicel, a material that absorbs 10 times its weight while remaining light.
Always Infinity capitalizes on the company’s years of consumer and technical research assessing how products perform. Research indicates that traditional pads often fail due to poor body fit. Always Infinity’s design, including its tapered core, microdots and form-fitting channels, helps the pad achieve critical three-dimensional body fit.
Infinicel has an integrated two-layer structure that removes fluid from the top of the pad and transports it into the bottom layer, where it is distributed and stored. This allows the pad to continue absorbing fluid away from the source for a lighter mark on the pad surface.
According to P&G, the feminine care market has not seen such an advancement since the early introduction of ultrathin pads in the 1990s.
More than 60 patents were generated in the development of the material, the finished product and the production.