Bare Escentuals announces Q3 results
SAN FRANCISCO Mineral-based makeup company Bare Escentuals, announced on Wednesday financial results for the third quarter ended Sept 30.
Net sales for the quarter were $126.6 million, an increase of 29.3 percent from $97.9 million in the year-ago period.
Net income was $20.5 million, or 22 cents per diluted share, on approximately 93.2 million shares outstanding, compared with $8.9 million, or 12 cents per diluted share, on approximately 73.3 million shares outstanding, in the third quarter of fiscal 2006.
“The third quarter marked another quarter of strong sales growth and increased profitability,” said Leslie Blodgett, chief executive officer. “Our strong financial performance reflects our continued ability to increase brand awareness, execute alongside our retail partners and expand our points of presence both domestically and abroad. As we look to our next stage of growth, we remain committed to our multi-channel distribution model to educate consumers of the benefits of mineral-based makeup and extend the reach of the Bare Escentuals brand worldwide.”
In addition, Bare Escentuals reaffirmed its fiscal 2007 diluted earnings per share guidance of a range of 89 cents to 94 cents on approximately 93.2 million shares outstanding.
For fiscal 2008, the company expects sales growth to be in line with its long-term revenue growth target of between 20 percent to 25 percent. It also expects earnings to grow in line with its long-term earnings growth rate of roughly 25 percent, implying earnings per share in the range of $1.13 to $1.18 per diluted share.
Colgate-Palmolive releases strong Q3 results
NEW YORK Colgate-Palmolive announced on Tuesday that it experienced a strong third quarter as new U.S. product launches in the super-premium category contributed to growth in oral care.
Worldwide sales grew 12 percent to $3.5 billion and unit volume grew 5.5 percent. Excluding divestments, worldwide sales and unit volume grew 13 percent and 6.5 percent, respectively. The growth was supported by a 12 percent boost in worldwide ad spending.
Net income and diluted earnings per share were $420.1 million and 77 cents, respectively. Excluding restructuring charges and SFAS 88 charges, net income in the quarter rose 16 percent to $466.4 million and diluted earnings per share increased 18 percent to 86 cents.
In the United States, Colgate Total Advanced Clean toothpaste, supported by an integrated marketing campaign featuring Brooke Shields and a professional sampling program, helped drive market share for Colgate Total toothpaste to its highest quarterly share ever at 15.3 percent.
Colgate Max Fresh BURST toothpaste, infused with 50 percent more mini breath strips, continues to build incremental market share for the Max Fresh equity, now at 3.9 percent year to date.
Meanwhile, the company’s share of the manual toothbrush market is 25.6 year to date, up 2 share points versus a year ago, fueled by the continued success of Colgate 360 degree manual toothbrush and its latest variant Colgate 360 degree Sensitive.
New products planned for the fourth quarter include Softsoap brand SPA Radiant body wash and liquid hand soap, Irish Spring Moisture Blast and Irish Spring Reviving Mint body washes, Softsoap brand Pink Grapefruit liquid hand soap and Mennen Speed Stick 24/7 Momentum deodorant.
Alberto-Culver announces positive full-year results
MELROSE PARK, Ill. Alberto-Culver, whose brands include TRESemme, Alberto VO5, Nexxus and St. Ives, recorded a sales increase of 10.2 percent for the fiscal year, marking the first full year results since the company split its consumer products business and its Sally Beauty/BSG distribution business.
Net sales for the fiscal year rose 10.2 percent to $1.54 billion from $1.40 billion in the year-ago period.
Net earnings totaled $78.3 million, or 80 cents per diluted share, compared with $205.3 million, or $2.20 per share, in the year-ago period.
Diluted earnings per share from continuing operations were 83 cents after deducting 23 cents for restructuring and other expenses. Diluted earnings per share, excluding restructuring and other expenses, rose 24.7 percent to $1.06 versus 85 cents in the year-ago period.
In November 2006, the company closed on the separation of its consumer products business and its beauty supply distribution business. The split resulted in two separate publicly-traded companies: new Alberto-Culver, manufacturer and marketer of beauty and personal care products, and Sally Beauty Holdings, a distributor of professional beauty supplies.
In addition, Alberto-Culver’s board of directors approved the regular 5.5 cent quarterly cash dividend. The dividend will be paid Nov. 20 to shareholders of record on Nov. 5.