Alberto Culver sees sales growth in Q1
Hair care giant Alberto Culver has announced a growth in sales for the fiscal first quarter. Net sales increased 2.9% to $363m compared to $352.8m in the comparable period of the prior year.
Hair care giant Alberto Culver has announced a growth in sales for the fiscal first quarter. Net sales increased 2.9% to $363m compared to $352.8m in the comparable period of the prior year.
However, when taking into account foreign currency fluctuations and acquisitions and divestures, including the December 2009 acquisition of UK skin care brand Simple, sales remained flat in the quarter.
International sales on a reported basis grew 12.3% with the company’s low cost hair care brand TREsémme and skin care brand St Ives driving the growth as consumers sought cheaper products during the economic crisis.
Carol Lavin Bernick, executive chairman of Alberto Culver says, “While market conditions remain challenging, our business model continues to generate profitable growth. Our focus and consistent strategy of driving growth in our core beauty brands is a major contributer to our success. Our December acquisition of Simple, a UK based leading skin care brand, builds on that strategy, further strengthens our beauty care portfolio and creates additional growth opportunities.”