P&G announces quarterly rise in sales
CINCINNATI Procter & Gamble stated on Tuesday that earnings per share rose 16 percent as sales climbed 8 percent behind solid growth of such key health and beauty brands as Gillette Fusion and Olay.
Sales for the quarter increased 8 percent to $20.2 billion, with each segment delivering year-on-year growth of 6 percent or higher.
Diluted earnings per share rose 16 percent to 92 cents per share, including a 2 percent one-time tax benefit related to a change in the German statutory tax rate. Net earnings rose 14 percent to $3.1 billion.
In beauty, sales rose 6 percent to $4.6 billion. Net earnings in beauty increased 9 percent to $689 million. Hair care sales were up mid-single digits driven by double-digit developing region growth behind Pantene and Head & Shoulders. In skin care, Olay sales were up mid-single digits. Olay facial moisturizers market share in the United States increased more than one point versus the year-ago period.
Meanwhile, grooming net sales increased 9 percent to $2 billion. Net earnings in grooming were up 17 percent to $451 million. Blades and razors volume rose high-single digits behind double-digit growth in developing regions. Market share of global blade and razors increased to about 71 percent behind strong growth of Fusion and Venus. Fusion delivered double-digit volume growth across every geographic region where it has launched. Its market share rose four points in the United States versus the year-ago period and Venus market share rose two points behind the Venus Breeze initiative.
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.