Alberto Culver posts record growth for fiscal 2006

Published: 30-Oct-2006


Alberto Culver has reported a record rise in sales for fiscal 2006. According to the company's end of year report sales rose 6.8% to $3.8bn, while pre-tax earnings, including non-core items decreased 5% to $308.3m and net earnings dropped 2.6% to 205.3m.

“We are very pleased today to report our fifteenth consecutive year of record sales and record earnings for the Alberto-Culver Company. During these past fifteen record years, our revenues have been growing at a compound annual growth rate of 10.7% while our operating earnings excluding non-core items have grown at a 14.7% compounded annual growth rate, a record that we are very proud to have achieved,” commented Howard Bernick, ceo and president of Alberto-Culver.

The company's Sally store business generated solid top-line growth, upping operating margins to the tune of 13.1%, while the company's other division, Beauty Systems Group, ended the year with sales up 6.5% and a 20.4% rise in operating earnings.

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