Inter Parfums’ Profits Soars 26.7% in Q2
Inter Parfums Inc., New York, reported second-quarter profits jumped 26.7% to $5.4 million.
Sales for the quarter ended June 30, 2010 reached $107.8 million, a 21.6% increase from a year ago.
The firm attributed the results to “the strength of [its] existing brand portfolio,” which is being expanded “with new, high-value brands.”
Inter Parfums announced new specialty retail and licensing agreements with the Betsey Johnson and Nine West brands last month, noted Jean Madar, chairman and chief executive officer, who added, “Following the successful launch and global distribution of the Bebe signature fragrance that began [in] summer 2009, the second scent, Bebe Sheer, debuts this month.”
For the first half, Inter Parfums’ net profit rose 23.3% to $11.9 million. Sales increased 26.9% to $227.1 million.
Personal Care Sales Up at Energizer
Energizer Holdings, Inc. posted favorable results for the third quarter ended June 30, 2010. Net sales increased 8% to $79.3 million. The inclusion of Edge and Skintimate shave preparations added $41 million to net sales for the quarter. The remaining increase was due primarily to the Schick Hydrolaunch, the company said.
For the nine months ended June 30, 2010, net sales rose 9% to $268.2 million.
In the personal care category, net sales for the quarter jumped 11% to $589.2 million. For the nine months ended June 30, 2010, net sales increased 12% to $167.9 million.
Kao’s Profits Rise in Fiscal Q1
Thanks to a modest improvement in the global economy and the right product mix, Kao Corporation said that sales and profits rose in its fiscal first quarter ended June 30, 2010.
The company said net profit grew 5.7% to$141 million. Sales for the period increased 1% to $3.28 billion. Operating profit jumped 34.6% to $295.8 million.
Kao’s beauty care segment posted operating income of $20.3 million. Sales for the division, which includes the Kanebo and Jergens brands, fell 2.2% to $1.48 billion.
Kao attributed the drop in beauty care sales to the continued contraction of Japan’s high-end cosmetics market.
Global Sales Rise 2% At Colgate-Palmolive
Colgate-Palmolive Company posted record operating profit and net income for the second quarter 2010, according to the company.
Worldwide sales rose 2% to $3.8 billion and volume increased 3%. Net income increased 7% in second quarter 2010 to $603 million. Operating profit also jumped 7% to $948 million.
North American sales grew 4.5% in the second quarter. Operating profit for the region increased 14% during the quarter due to higher sales, higher gross profit margins and cost-savings initiatives.
In the U.S., new product launches across price points are contributing to growth in oral care including Colgate Triple Action, Colgate ProClinical and Colgate Max White with Mini Bright Strips toothpastes.
Successful new products contributing to growth in the U.S. in other categories included Softsoap Nutri Serums and Softsoap Vanilla Body Butter Mega Moisture body washes, Speed Stick and Lady Speed Stick Stainguard deodorants and Ajax Lime with Bleach Alternative dish liquid, according to Colgate.
Ian Cook, chairman, president and chief executive officer, commented, “Overall, we are very pleased to have delivered solid results this quarter, despite difficult economic conditions around the world.
“We are delighted that Colgate’s global market shares in toothpaste and manual toothbrushes are both at record highs year to date. Colgate’s share of the global toothpaste market strengthened to 44.4% year to date, led by share gains in Brazil, China, India, Russia, Venezuela, France and the UK. Colgate also strengthened its global leadership in manual toothbrushes, with its global market share in that category reaching 31.6% year to date.”
New products planned for launch in the balance of the year include Colgate Sensitive Multi Protection toothpaste, Softsoap Nutri Serums Mineral Extracts and Softsoap Black Orchid and Velvet Hibiscus body washes, and Softsoap Sea Minerals liquid hand soap.
Beauty Boosts Avon’s Sales
Avon Products, Inc. reported second-quarter revenue rose 8% to $2.7 billion. Beauty sales in the second quarter of 2010 were up 9% to $1.92 billion.
Andrea Jung, chairman and chief executive officer, remarked “Avon delivered another healthy performance in the second quarter, including strong revenue growth fueled by continuing investments in our brand and our channel, in line with our long-term strategic growth plan. We are also very pleased with the improving operating margin and strong increase in earnings per share. In addition, we ended the quarter with improved operating cash flow resulting from our ongoing efforts in this area.”
Avon’s beauty sales growth of 9% included gains in all categories: fragrance, color cosmetics, skin care and personal care grew 16%, 12%, 4% and 3%, respectively.
Q2 Sales Increase at Revlon
Revlon, Inc. posted positive results for the second quarter ended June 30, 2010. Net sales rose 1.8% to $327.7 million.
According to the company, the increase was driven by higher net sales of Revlon color cosmetics and Revlon ColorSilk, partially offset by lower net sales of Almay color cosmetics and Mitchum antiperspirant deodorant.
However, in the U.S., net sales fell 6.9% to $179.3 million. The decrease was primarily driven by lower net sales of Almay color cosmetics due to the cycling of the 2009 launch of Almay Pure Blends, as well as lower net sales of Revlon beauty tools and Mitchum antiperspirant deodorant, partially offset by higher net sales of Revlon color cosmetics.
Net sales in the first six months of 2010 increased 1.3% to $633.2 million. In the U.S., net sales decreased 4.2% to $361.4 million.
Commenting on the financial report, Revlon’s president and chief executive officer Alan T. Ennis said, “We continue to execute our business strategy with a keen focus on building our strong brands and further developing our organizational capability globally. In the second quarter of 2010, we delivered improved cash flow and competitive operating margins, while significantly increasing advertising investment to enhance our marketplace competitiveness.”
Ennis continued, “A key driver of our business is launching innovative, high quality consumer preferred products to the global marketplace.
“During the quarter, we introduced Revlon Grow Luscious mascara, Revlon Just Bitten lipstain + balm and Almay One Coat Dial Up mascara. Additionally, during the quarter, we signed one of Hollywood’s hottest stars, Kate Hudson, as the newest global brand ambassador for our Almay brand.”
Ecolab Delivers Strong Q2 Results
Ecolab Inc. reported strong second quarter earnings as sales increased, led by strong growth in Asia Pacific and Latin America. In addition, cost-saving actions and lower delivered product costs benefited results.
Ecolab’s reported net sales rose 5% to $1.5 billion in the second quarter of 2010.
Commenting on the quarter, Douglas M. Baker, Jr., Ecolab’s chairman, president and chief executive officer, said, “We continue to make good progress.”
For the six months, sales rose 6% to more than $2.9 billion.
Second quarter 2010 sales for Ecolab’s U.S. Cleaning & Sanitizing operations rose 3% to $689 million. Ecolab’s U.S. Cleaning & Sanitizing operating income increased 10% to $139 million.
U.S. Other Services sales were flat when compared with last year at $115 million. Operating income grew 2% to $19 million.Sales of Ecolab’s International operations, when measured at fixed currency rates, grew 5% to $750 million. International sales increased 9% and operating income rose 3%.