MELROSE PARK, Ill. Alberto-Culver, whose brands include TRESemme, Alberto VO5, Nexxus and St. Ives, recorded a sales increase of 10.2 percent for the fiscal year, marking the first full year results since the company split its consumer products business and its Sally Beauty/BSG distribution business.
Net sales for the fiscal year rose 10.2 percent to $1.54 billion from $1.40 billion in the year-ago period.
Net earnings totaled $78.3 million, or 80 cents per diluted share, compared with $205.3 million, or $2.20 per share, in the year-ago period.
Diluted earnings per share from continuing operations were 83 cents after deducting 23 cents for restructuring and other expenses. Diluted earnings per share, excluding restructuring and other expenses, rose 24.7 percent to $1.06 versus 85 cents in the year-ago period.
In November 2006, the company closed on the separation of its consumer products business and its beauty supply distribution business. The split resulted in two separate publicly-traded companies: new Alberto-Culver, manufacturer and marketer of beauty and personal care products, and Sally Beauty Holdings, a distributor of professional beauty supplies.
In addition, Alberto-Culver’s board of directors approved the regular 5.5 cent quarterly cash dividend. The dividend will be paid Nov. 20 to shareholders of record on Nov. 5.