BEAUTY CARE

Markwins’ wet n wild launches 2008 products

BY Antoinette Alexander

CITY OF INDUSTRY Wet n wild is gearing up for 2008 with a string of new product launches, including a mineral-based powder formula.

Marking its entrance into the mineral makeup segment, the new wet n wild Ultimate Minerals powder foundation is a light formula, suitable for sensitive skin, that promises to provide natural-looking coverage.

Also new for 2008:

  • Glassy Gloss Jelly Pops available in such shades as Just Peachy, Pink Sugar and Candy Apple.
  • MegaGlo Illuminating Powder, which is an all-in-one illuminator that blends four complementary shades.
  • MegaMixers Flavored Lip Balm in such flavors as Strawberry Daiquiri, Pina Colada, Island Mojo and Berry Fizz.
  • Perfect Pair Eye Wand, which is a pencil that combines a soft eyeshadow shade on one end and an eyeliner on the other end.
  • Perfect Pair Lip Wand, which is a wand that combines a lipstick shade on one end and a liner on the other.
  • Silk Finish Highlight & Contour Blush kits coordinate shades that work together or alone.
  • Wild Shine Lip Lacquer is a moisturizing, full coverage formula that offers the shine of a gloss.

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Colgate-Palmolive releases strong Q3 results

BY Antoinette Alexander

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.

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Alberto-Culver announces positive full-year results

BY Antoinette Alexander

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.

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