05.02.11
Alberto Culver Company posted positive results for its fiscal year 2011 second quarter and first half ended March 31, 2011.
Net sales for the second quarter increased 6.1% to $408.2 million.
Net sales for the first half of fiscal year 2011 increased 8.8% to $813.6 million.
Alberto Culver President and Chief Executive Officer V. James Marino said, "I am very proud of our incredibly talented and dedicated team who despite being faced with challenging market conditions and the pending Unilever transaction, continued to build momentum on our brands and deliver strong results."
In the U.S., sales increased 1.9% in the second quarter due to strong growth in branded beauty care, partially offset by significantly lower custom label manufacturing sales.International sales on a reported basis increased 12.0%, reporting growth in every region in which the company operates.
On Sept. 27, 2010, the company entered into a definitive agreement with Unilever pursuant to which Unilever will acquire all of the outstanding shares of Alberto Culver for $37.50 per share in cash.On Dec. 17, 2010, the transaction was approved by Alberto Culver stockholders, as previously reported in Happi.
Net sales for the second quarter increased 6.1% to $408.2 million.
Net sales for the first half of fiscal year 2011 increased 8.8% to $813.6 million.
Alberto Culver President and Chief Executive Officer V. James Marino said, "I am very proud of our incredibly talented and dedicated team who despite being faced with challenging market conditions and the pending Unilever transaction, continued to build momentum on our brands and deliver strong results."
In the U.S., sales increased 1.9% in the second quarter due to strong growth in branded beauty care, partially offset by significantly lower custom label manufacturing sales.International sales on a reported basis increased 12.0%, reporting growth in every region in which the company operates.
On Sept. 27, 2010, the company entered into a definitive agreement with Unilever pursuant to which Unilever will acquire all of the outstanding shares of Alberto Culver for $37.50 per share in cash.On Dec. 17, 2010, the transaction was approved by Alberto Culver stockholders, as previously reported in Happi.