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Financial News

November 30, 2009

Alberto Culver Reports Solid 4Q and Fiscal Year




Alberto Culver Company—manufacturer and marketer of personal care products including TreSemme, Alberto VO5, Nexxus, St. Ives and Noxzema—posted growth in organic revenue for the fourth quarter and fiscal year.

Net sales were essentially flat at $385.2 million compared to $386.0 million a year ago. In the U.S., reported sales grew 8.3% driven by the acquisition of Noxzema and strong growth by TreSemme and St. Ives, partly offset by lower Alberto VO5 sales, which the company attributed mainly to discontinued styling items. Net sales for the fiscal year decreased 0.7% to $1.43 billion, according to the company.

Commenting on the results, Alberto Culver president and chief executive officer V. James Marino said, “Fiscal year 2009 was another very successful year for Alberto Culver. We generated strong organic sales and earnings growth in a very difficult environment, continued to strengthen our hair care market shares and we’re exiting fiscal year 2009 in a very strong financial position.”

A Tough 3Q for Oriflame



Oriflame, the Swedish based direct seller of beauty and personal care products, reported third quarter sales fell 7% to $415.9 million. Operating profit fell to $32.3 million.

For the nine months ended Sept. 30, sales rose 1% to $1.4 billion

Sales Rise 5.6% at Helen of Troy



Helen of Troy Limited’s second quarter sales jumped 5.6% to $162.2 million, while net earnings climbed 50.1% to $15.9 million. Sales for the six months ended Aug. 31, 2009 rose 2.5% to $306 million, while net earnings increased 88.3% to $30.4 million.

Chattem Posts Increased Revenues and Earnings



The strength of Gold Bond, Act, Icy Hot and Cortizone-10 produced a period of strong earnings and operating results at Chattem, Inc. for the nine months and third quarter ended Aug. 31, 2009, according to the company.

Total revenues for the first nine months of fiscal 2009 rose 1.1% to $353.1 million. Total domestic revenues rose 3.9% to $335.6 million. The increase in domestic revenues was led by sales of Gold Bond, Act, Icy Hot and Cortizone-10. Net income jumped 3.5% to $67.2 million, according to the company.

Total revenues for the third quarter of fiscal 2009 climbed 2.9% to $115.2 million. Total domestic revenues increased 3.5% to $108.6 million, led by domestic revenues of Gold Bond, Act, Icy Hot and Cortizone-10. Net income rose 6.7% to $23.4 million.

Beauty Sales Drop 3% at Avon



Avon Products’ third-quarter 2009 total revenue slipped 4% to $2.6 billion due to foreign exchange pressure, according to the New York-based firm. Beauty sales in the third quarter of 2009 were 3% lower versus the prior-year period, but active representatives grew 10%, with growth in all regions. Units overall rose 5% versus the prior-year quarter and beauty units increased 6%. Third-quarter 2009 operating profit slipped 15% to $259 million.

Sales Down 4.2% at Yankee Candle



Yankee Holding Corporation and The Yankee Candle Company, Inc. posted financial results for the third quarter ended Oct. 3, 2009. Sales of the company’s continuing operations in the third quarter fell 4.2% to $168.7 million. Sales in its wholesale business decreased by 10.5% versus the prior year quarter, driven primarily by the loss of Linens ‘n Things as a wholesale customer due to its 2008 bankruptcy; continued weak traffic, particularly in the gift channel; and the absence this year of the sales relating to the third quarter 2008 test with Pier 1, said the Deerfield, MA-based company.

As previously reported in Happi, the company discontinued its Illuminations business during the second quarter of 2009. In addition, Yankee Candle was going to discontinue its Aroma Naturals business during the third quarter of 2009.

Cleaning Up at Colgate: 3Q on Track in Latest Report



Colgate-Palmolive Company reported record net income for the third quarter 2009 of $590 million—an 11% increase, according to the company. Worldwide sales as reported were $3.9 billion and unit volume as reported increased 1.5%. Operating profit rose 11% to $926 million.

North American sales grew 3% in the third quarter. In the U.S., new product launches are contributing to market share gains across categories, as seen with Softsoap Nutri Serums and Colgate Wisp.

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