Alberto-Culver announces positive full-year results
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.
Barc inks deal with Fred Segal
NEW YORK Barc LLC, a provider of black and Hispanic men’s grooming products, has inked a retail agreement with Studio at Fred Segal in Santa Monica, Calif.
Under the agreement, Barc’s Cutting Up shaving cream and Bump Down razor bump relief products designed for African-American and Hispanic men will be available to Studio at Fred Segal shoppers starting in November.
“Today’s distribution agreement with STUDIO at Fred Segal represents the great demand for the Barc line as well as the high-quality level of our skin care products,” said Christopher Hayes, chief executive officer of Barc.
Cutting Up is a shave cream that softens the hair to ensure a smooth shave. The shave cream is formulated with beard softener to help reduce shave bumps, boswellia serrata gum to prevent irritation and soothe the skin, and glycerin to hydrate and nourish the skin. Cutting Up is designed to work with Barc’s Bump Down razor bump relief.
Barc’s Bump Down razor bump relief promises to reduce irritation and ingrown hairs due to shaving, preventing new bumps from occurring while healing old ones. Formulated with glycolic acid to exfoliate, Bump Down is also enriched with chamomile extract and glycerin to calm the skin.
In addition to Studio at Fred Segal, Barc’s skin care line specially designed for African-American and Hispanic men is sold at independent and regional retailers like Ricky’s in New York, Merz Apothecary in Chicago, and Therapy Beauty Bar in Providence, R.I.
TRESemme launches new products for 2008
MELROSE PARK, Ill. Alberto-Culver’s TRESemme brand has announced the launch of several new products for 2008.
TRESemme is extending its Flawless Curls line with three new curl styling items.
- Curl Reactivation Styling Mist, which rejuvenates and springs drooping curls back to life.
- Curl Hydration Lotion Creme, a moisturizing, leave-in creme that hydrates hair and prepares it for curling.
- Curl Definition Jelly, a lightweight, pliable jelly that both adds shine and creates strong curl definition.
In addition to these styling items, a Curl Moisturizing Shampoo and Conditioner will be added to the line in 32-ounce sizes. All five items will start shipping in January, with a television campaign to begin in March.
In 2007, TRESemme launched its Thermal Creations Styling line. Based on the fact that 74 percent of women use a blower dryer, and 22 percent of women use a flat iron regularly, TRESemme stated that it is adding to the line Thermal Recovery Shampoo and Conditioner for heat damaged hair. These items are 25 ounces, but will have the same height profile and pricing as the 32-ounce shampoos and conditioners. Items will ship in January, with a television campaign beginning April.
Targeting Hispanic consumers, the brand will ship in January its Proteccion Caida Shampoo and Conditioner. Proteccion Caida is fortified with multivitamins and protein to make hair 80 percent stronger after one use, with seven times less hair loss, according to the company.