Alberto-Culver 4QResults on Track

The Alberto-Culver Company announced today that its fourth quarter sales and profits are well on track to meet the company’s and analysts’ consensus estimates for the quarter and fiscal-year ending September 30, 2001. The Company will report its fiscal fourth-quarter and year-end results on October 25, 2001.

Howard B. Bernick, president and chief executive officer of the Alberto-Culver Company said, “The excellent results that we expect to announce for our fourth quarter and this 2001 fiscal year will mark the company’s tenth consecutive year of record sales and record earnings. During this ten-year period, we have grown revenues at a compound annual rate of over 11% and earnings at a compound annual rate of over 13%

“We believe this demonstrates that the Alberto-Culver Company has a winning business strategy, with the brands, businesses and management team committed to investing for growth and building value for its shareholders over the long term,” Mr. Bernick added. “Even at this time, and as we have done consistently in the past, we are increasing our television advertising and marketing investments to build our brands and businesses while others may be pulling back.”

As for the 2002 fiscal year which commences on Oct. 1, Mr. Bernick said plans have been put in place that should allow Alberto-Culver to deliver another record year with sales and earnings growth for its brands, businesses and shareholders. “The businesses that we are in have always been recession- resistant, and the company has shown historically that it can produce and does produce in good times and bad times.”