Physicians Formula Holdings revises full-year 2008 outlook
AZUSA, Calif. Physicians Formula Holdings has revised its full-year 2008 outlook in light of the current economy.
Since early November, the consumer environment has weakened at a faster pace than previously anticipated and tight inventory control by retailers reduced the expected pipeline order for new products, according to the beauty company.
As a result, Physicians Formula estimates that net sales for the fourth quarter will be between $27.1 million and $29.1 million, compared with net sales of $33.9 million for the year-ago period. Net income per diluted common share for the quarter is expected to be between 10 cents and 15 cents compared with 33 cents in the year-ago period.
For fiscal year 2008, net sales are expected to be between $112.9 million and $114.9 million, compared with net sales of $111.5 million in the year-ago period. Net income per diluted common share is expected to be between 43 cents and 48 cents compared with 60 cents in the year-ago period. The company’s previous fiscal year 2008 outlook for net sales was in the range of $120 million and $123 million and outlook for net income per diluted common share was between 52 cents and 57 cents.
The company expects to release on March 9 results for the fourth quarter and fiscal year ended Dec. 31.
“While we continue to anticipate a weak consumer environment throughout 2009, we are pleased with our new initiatives and product offerings as we believe they position us well to continue to grow our market share in 2009. Over the coming months, we will remain focused on the implementation of our new 2009 communication, promotional and merchandising strategies while developing, presenting and executing our 2010 plans. We continue to work on bringing a high level of innovation to the masstige segment in 2010 and beyond,” stated Ingrid Jackel, chairwoman and CEO of Physicians Formula.
The company noted that, based on retail sales data provided by ACNielsen, its approximate share of the masstige market was 8.1% for the 52 weeks ended Dec. 27 compared with 7.9% in the year-ago period, an increase of about 2.5%.
Clio Designs relaunches shavers in new styles
BOSTON Clio Designs has relaunched its palmperfect shavers in a new palette of styles for 2009.
The patented palmperfect shaver is comprised of the stainless steel blades, a 3-volt motor, soft rubber grip and a convenient lanyard. The shave also uses a triple-blade system designed to but both long and short hairs at the same time, shaving in any direction without any hair pulling. It operates on two ‘AAA’ alkaline batteries and is water-resistant.
The palmperfect shaver is typically available for less than $10 at most major retailers in the United States, including CVS, Walgreens and Target.
got2b launches guardian angel styling products
NEW YORK Henkel’s got2b hair care brand has unveiled its newest line of styling products, dubbed guardian angel, to protect hair from the high temperatures of hair appliances like flat irons.
The new guardian angel styling products are formulated with a patented heat-activated polymer technology that promises to deliver 425-degree heat protection.
According to research presented by got2b, among young women aged 18 to 24 heat styling usage is prevalent: 88% use blow dryers, 71% use flat irons and 64% use curling irons.
The new collection includes guardian angel blow dry lotion, a light, protective pre-styling lotion; guardian angel flat iron balm, which insulates hair from flat iron frying to provide frizz-free locks; and guardian angel curl iron spray, which amplifies curls and creates smooth frizz-free definition.
The products have a suggested retail price of $5.99.