Financial News

  • A Lift in Q2 Sales at Macy’s

    October 1, 2012
    • 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…


  • Profits Leap at L’Oréal

    October 1, 2012
    • 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…


  • Procter Gambles Net Income Soars in Q4

    August 31, 2012
    Procter & Gamble’s Net Income Soars in Q4


  • Procter & Gamble’s Net Income Soars in Q4

    August 31, 2012
    • 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…


  • Colgate Q2 Sales Rise 2%

    August 31, 2012
    • 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…


  • Q2 Sales Jump 20% At Inter Parfums

    August 31, 2012
    • 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…


  • Sally Beauty’s Third Quarter Sales Rise 6%

    August 31, 2012
    • 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…


  • Ellman Technologies Picks Up Sandstone

    August 31, 2012
    • 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…


  • Swander Pace To AcquirePhysicians Formula

    August 31, 2012
    • 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…


  • Sales Jump 14% in Q2 at CCA

    August 31, 2012
    • 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…


  • Pershing Square Takes Stake in PG

    August 1, 2012
    Pershing Square Takes Stake in P&G


  • Pershing Square Takes Stake in P&G

    August 1, 2012
    • 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%…


  • Burberry Buys Back Its Fragrance License

    August 1, 2012
    • 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…


  • TPR Acquires Cargo Cosmetics

    August 1, 2012
    • 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…


  • Physicians Formula’s Sales Rise 24%

    August 1, 2012
    • 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…