Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue June 2015
 •  RIFM Names New President  •  Hair 'Dressing'  •  NudeStix Links Mobile Shopping and Makeover App  •  Beiersdorf Issues Sustainability Update  •  Ashland Acquires Zeta Fraction Technology
Print

Profits Fall at Alberto Culver



Published April 28, 2009
Related Searches: business brand share officer
Post a comment
Alberto Culver Co.’s second-quarter profits fell 3.3% to $28.1 million, as sales dropped 1.4% to $344.3 million. Gross margin fell to 50.3% of sales from 53.3% a year ago.

“Our business continues to be sound, with great brands, an experienced and focused leadership team and a strong balance sheet that allows us to invest both behind our equities and our infrastructure,” said V. James Marino, president and chief executive officer, on the company earnings call. “Our long-term strategy of growth and margin expansion remains in tact, and our team is committed to continuing to deliver results and creating value for our shareholders.”

For the first half, profits fell 0.3% to $59.7 million, while revenue rose 0.7% to $697.2 million.


blog comments powered by Disqus