Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue August 2015
 •  Tide Dry Cleaners Opens in Utah  •  Carlyle Buys Blyth  •  Carol's Daughter Launches 'BornandMade' Campaign  •  Ulta Beauty‚Äôs Q2 Ecomm Sales Rise 43.4%  •  NFL Star Headlines for Head & Shoulders
Print

Alberto-Culver 3Q Profit Falls on Charges



Published July 27, 2006
Related Searches: business beauty household care
Post a comment
Beauty care and household products maker Alberto-Culver Co.ís fiscal third-quarter profit slumped 43 percent, primarily hurt by charges related to its failed deal with Regis Corp. The company said latest quarterly earnings include a charge of 34 cents for fees and expenses related to the terminated deal to sell its Sally Beauty sales business to hair salon operator Regis. There was also a stock option expense of 2 cents per share. Last year's results were impacted by a stock-conversion charge of 3 cents. Alberto-Culver announced in June, after the Regis deal fell through, that it would spin off its Sally Beauty business into a separately traded company. Alberto-Culver shareholders will own 52.5 percent of the new company and a fund managed by Clayton, Dubilier & Rice will acquire a stake of roughly 47.5 percent.


blog comments powered by Disqus