Alberto Culver announces 11.7% net sales increase in Q1
US market alone boosted by 2.8% due to strong hair care sales
Personal care company Alberto Culver has announced that it has seen its net sales in the first quarter boosted to $405.3m, a rise of 11.7% on the previous year. On an organic basis, excluding the effect of foreign currency fluctuations and acquisitions, sales increased by 4.4%.
In the US market, sales increased by 2.8% which the company put down to a strong performance by the hair care category, particularly its Nexxus brand. International sales on a reported basis increased by 25.2% due to overall strong growth in all regions across both the skin care and hair care sectors.
However, due to higher input costs in 2010, the company’s gross profit margin did experience a slight decrease in the first quarter, slipping from 53.4% to 53.2% in the first quarter 2011.