Alberto-Culver posts record Q1 sales
MELROSE PARK, Ill. Alberto-Culver, whose brands include TRESemme, Alberto VO5, Nexxus and St. Ives, posted record sales and earnings results for the first quarter thanks, in part, to solid growth of its Nexxus and TRESemme brands.
Net sales for the quarter increased 14.1 percent to $400.7 million from $351.1 million in the prior year.
Pre-tax income from continuing operations increased to $43.5 million from a loss of $1.3 million in the year-ago period. Excluding restructuring and other expenses of $4.8 million in the current quarter and $31.4 million in the prior year quarter, pre-tax earnings from continuing operations rose 60.5 percent to $48.3 million versus $30.1 million in the year-ago period.
The company also announced that the board of directors has increased the regularly quarterly cash dividend by 18.2 percent to 6.5 cents per share. The dividend will be paid on Feb. 20 to shareholders of record on Feb. 4.
ECRM event features natural/organic products aimed at mass market
DESTIN, Fla. Retail buyers and sellers gathered here this week to attend ECRM Cosmetics, Fragrance & Bath EPPS event.
Nestled beachside in the Hilton Sandestin Beach Golf Resort & Spa in Destin, Fla., the event attracted 82 retailers and featured 90 planning sessions and 32 Power Hall sessions. Meetings kicked off Monday morning and wrap-up was Thursday.
While retail beauty buyers undoubtedly saw a range of beauty products while at the show, there was a clear trend: bath and body products that are positioned as natural and/or organic.
The health-and-wellness movement shows little signs of slowing as many beauty manufacturers highlighted the latest in product development.
For example, Organic Bath Co. is looking to make a splash in the mass market after spending several years in the natural foods market. Among its offerings is a new anti-aging line called Timeless, infused with certified organic ingredients.
In addition, The Village Company has created a new Village Naturals Green line that includes shampoo and conditioner, as well as body products. This marks the company’s first foray into the hair care segment.
Woodridge introduces 40 carrots skin care
LOS ANGELES Woodridge Labs has announced the launch of the 40 carrots skin care line that combines retinol with the antioxidant beta carotene.
The 40 carrots line, infused with a proprietary formula called Betanol Radiance Complex, includes Carrot + Creme Cleanser, Carrot + C Vitamin Serum, Carrot + Mango Moisture Splurge and Carrot + Cucumber Eye Gel.
Natural retinol is added and combined with such other extracts as soy, apricot, creme, mango, cucumber and tea tree oil. The beta carotene comes from carrot oils, carrot seeds and carrot juice.