Financial News


  • Sales Jump 10% at Estée Lauder

    • Lux is back in a big way. Estée Lauder’s fiscal 2012 sales rose 10% to $9.71 billion. Excluding the impact of foreign currency translation, net sales also increased 10% from a year ago. The company reported a 110 basis point i…
    10.01.12

  • Blyth To Issue IPO for ViSalus

    • Blyth, Inc., owner of direct selling fitness and weight management company ViSalus, has filed a registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) for a potential initial public offering (IPO) of its Clas…
    10.01.12

  • Fiscal 2012 Sales Rise 5.3% at Elizabeth Arden

    • Elizabeth Arden, Inc. revealed financial results for its fourth fiscal quarter and fiscal year ended June 30, 2012. For the quarter ended June 30, 2012, the company reported a 4.6% increase in net sales to $265.5 million. For the year en…
    10.01.12

  • A Lift in Q2 Sales at Macy’s

    • Macy’s Inc.’s net income rose nearly 16% to $279 million, while sales in the second quarter rose 3% on a comparable store basis to $6.12 billion. “We were pleased with our spring season results, and they came on top of e…
    10.01.12

  • Profits Leap at L’Oréal

    • L’Oréal said its first-half net profits rose 10.8% to $2.11 billion and confirmed it expects to outperform the market this year. Operating profits increased 11.4% to $2.46 billion. The company’s sales for the period rose 1…
    10.01.12

  • Procter Gambles Net Income Soars in Q4

    Procter & Gambles Net Income Soars in Q4
    08.31.12

  • Procter & Gamble’s Net Income Soars in Q4

    • Procter & Gamble Co. reported fourth quarter net income far above Wall Street’s expectations. Net income jumped 74% to $3.63 billion, as revenue fell 1.2% to $20.2 billion. “We enter fiscal 2013 with very strong developi…
    08.31.12

  • Colgate Q2 Sales Rise 2%

    • Colgate-Palmolive Company’s second quarter sales rose 2% to more than $4.2 billion. Unit volume grew 5.0%, pricing increased 3.5% and foreign exchange was negative 6.5%. Excluding divested businesses, global unit volume grew 5.5%. The…
    08.31.12

  • Q2 Sales Jump 20% At Inter Parfums

    • Inter Parfums’ second quarter sales rose 20% to $145.6 million. European sales rose 18% to $125.6 million and US sales rose 37% to $20 million. For the six months, sales rose 22% to nearly $311 million. US sales were up 19% to $228.1 m…
    08.31.12

  • Sally Beauty’s Third Quarter Sales Rise 6%

    • Sally Beauty Holdings’ consolidated net sales rose 6% to $887.0 million for the quarter ended June 30, 2012. The beauty products retailer attributed the gain primarily to same store sales growth, the addition of new stores and acquisit…
    08.31.12

  • Ellman Technologies Picks Up Sandstone

    • Ellman Technologies has acquired the assets of Sandstone Medical Technologies, LLC, a leader in the aesthetic laser and IPL technology field. The transaction significantly enhances Ellman’s presence in the aesthetic market with laser a…
    08.31.12

  • Swander Pace To AcquirePhysicians Formula

    • Physicians Formula Holdings, Inc. and Swander Pace Capital have entered into a definitive merger agreement under which affiliates of Swander Pace will acquire Physicians Formula, the maker of a range of skin care products. Under the terms…
    08.31.12

  • Sales Jump 14% in Q2 at CCA

    • CCA Industries’ sales increased 14.2% to $14.7 million in the second quarter ended May 31, 2012. The company reported net income of $302,100, compared to a loss of $247,268 a year ago. For the six months, sales increased 11.6% to nearl…
    08.31.12

  • Pershing Square Takes Stake in PG

    Pershing Square Takes Stake in P&G
    08.01.12

  • Pershing Square Takes Stake in P&G

    • Pershing Square Capital Management, a hedge fund led by CEO William Ackman, got cleared by the Federal Trade Commission to take a stake in Procter & Gamble, according to reports. Following the announcement, shares of P&G rose 4.4%…
    08.01.12

  • Burberry Buys Back Its Fragrance License

    • Burberry will pay €181 million ($221.5 million at current exchange rates) to buy out the license rights for its fragrance and beauty products from Inter Parfums SA, effective Dec. 31. “To maintain flexibility in pursuing its ob…
    08.01.12

  • TPR Acquires Cargo Cosmetics

    • TPR Holdings has acquired a controlling interest in Cargo Cosmetics. TPR is a New York-based based investor and operator of beauty and consumer brands. TPR has also provided transition services for large consumer products companies inclu…
    08.01.12

  • Physicians Formula’s Sales Rise 24%

    • Physicians Formula Holdings, Inc. posted favorable financial results for the three months ended March 31, 2012. Net sales for the first quarter of 2012 rose 24% to $26.2 million. The net sales growth was driven by an increase in color cosmet…
    08.01.12

  • Sales Rise 14% in Q2 at CCA

    • CCA Industries’ sales increased 14.2% to $14.7 million in the second quarter ended May 31, 2012. For the six months, sales increased 11.6% to nearly $28.4 million. “We are pleased to be reporting higher total revenues and net…
    08.01.12

  • High Ridge Brands Acquires White Rain

    • Brynwood Partners VII’s portfolio company High Ridge Brands Co. has signed a definitive agreement to acquire the rights to the White Rain personal care brand from Sun Products. Additionally, as part of the transaction, High Ridge Brand…
    08.01.12