Alberto Culver enjoys strong Q3 2010
Beauty brand owner reports double-figure sales growth
Beauty brand marketer and manufacturer Alberto Culver has announced strong results for the third quarter of its fiscal year. The company, whose brands include Alberto VO5, Simple and Noxzema, saw net sales increase 18.8% on the same period of the previous year to $417.6m. On an organic basis, excluding the effect of foreign currency, fluctuations and acquisitions and divestitures, sales increased 10.7%.
Alberto Culver’s positive third quarter boosted nine month period net sales to $1.17bn, an increase of 11.1% as compared to $1.05bn in the prior year period. On an organic basis sales for the nine months grew 4%.
Third quarter sales were up 12.7% in the US due to effective promotional activity and the replenishment of retailer inventory levels, according to the company. Internationally, sales increased 29%, boosted by the success of its TRESemme hair care brand.
President and chief executive V James Marino declared himself “very pleased” with the results. “Despite challenging economic conditions and soft category growth rates we continue to outperform the hair care category and gain market share,” he said.