L’Oreal releases “Horton Hears A Who!” children’s hair care
NEW YORK L’Oreal Paris has announced the launch of its new L’Oreal Kids “Horton Hears A Who!” collection of children’s shampoos.
Each shampoo in the limited edition collection features the cleansing and conditioning formulas with fruity scents for children. Horton’s Whoberry and Kangaroo’s MangoRoo smoothie-based formulas are designed to help minimize split ends, while The Mayor’s Melon and Jo Jo’s Juicy Cherry condition for more manageable hair.
Like all L’Oreal Kids’ Extra Gentle 2-in-1 Shampoos, the “Horton Hears A Who!” formulas promise no tears and no knots. They join the existing line of Extra Gentle 2-in-1 Shampoos for a limited time only. The suggested retail price is $2.99.
The launch coincides with the March 2008 release of the movie, in which the makers of the blockbuster animated hit “Ice Age” team with comedians Jim Carrey and Steve Carell to bring to life Dr. Seuss’ classic tale.
Physicians Formula reports year-end sales increase
AZUSA, Calif. Physicians Formula on Monday announced its fourth-quarter and year-end results for the period ended Dec. 31, 2007. Net sales for the fourth quarter were $33.9 million, an increase of 27.9 percent from $26.5 million for the same period in 2006. Net sales for the fiscal year 2007 were $111.5 million, an increase of 16.9 percent from $95.4 million for the same period in 2006.
Gross sales for the fiscal year 2007 were $156.2 million, an increase of 20.8 percent from $129.3 million for the same period in 2006. Excluding a one-time charge and a no-cash charge for stock-based compensation, adjusted net income per diluted common share would have been $0.77 for the fiscal year 2007.
“I am very pleased with the strong fourth-quarter demand for our existing product line, as well as the successful sell-in of the new 2008 products,” stated Ingrid Jackel, chief executive officer and newly appointed chairwoman, as of Jan. 29. In December, Physicians Formula began shipping an extension of the Mineral Wear line and the new Organic Wear line.
Inter Parfums 2007 sales up 21 percent
NEW YORK Inter Parfums, a prestige perfume and cosmetics manufacturer, reported fourth-quarter net sales rose 32 percent to $119.4 million for the period ended Dec. 31, 2007, up from $90.2 million in the same period a year ago. Net income for the quarter rose 57 percent to $8.6 million.
“As did many of our peers, we entered the fourth quarter of 2007 with much trepidation, and looked to contain costs and brace for a turbulent holiday season,” stated Jean Madar, chairman of the board and chief executive officer. “With fourth-quarter sales far exceeding our expectations, fourth-quarter profits came in considerably better than anticipated, and as a result, our net income and diluted earnings per share surpassed our prior 2007 guidance.”
For the full year, Inter Parfums reported record net sales of $389.6 million, up 21 percent from $321.1 million in 2006. Net income for the year increased 34 percent to $23.8 million from $17.7 million in 2006. A 15 percent increase in U.S.-based sales, which approximated $58.8 million, was due to Inter Parfums’ specialty retail business with Gap, Banana Republic and New York & Company.
“With regard to U.S.-based operations, among the highlights of the past year was the launch and rollout of personal care, fragrance, grooming and home fragrance products that we developed for Gap stores in North America,” Madar stated. Inter Parfums also rolled out a line with New York & Company and signed an agreement in November with Brooks Brothers to produce personal care products for the chain.