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IN THE NEWS
Hair Care and Skin Care Lead at Alberto Culver
2009-10-26 | 09:34
Company 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 in the prior year quarter. In the U.S., reported sales grew 8.3% driven by the acquisition of Noxzema and strong growth in TreSemme and St. Ives, partly offset by lower Alberto VO5 sales, mainly due to discontinued styling items
Net sales for the fiscal year decreased 0.7% to $1.43 billion.
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."
Net sales were essentially flat at $385.2 million compared to $386.0 million in the prior year quarter. In the U.S., reported sales grew 8.3% driven by the acquisition of Noxzema and strong growth in TreSemme and St. Ives, partly offset by lower Alberto VO5 sales, mainly due to discontinued styling items
Net sales for the fiscal year decreased 0.7% to $1.43 billion.
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."
