×
144
Fashion Jobs
PEEPAL HR ASSOCIATES (OPC) PVT LTD
Ceo Textile Business (Please Read The jd Before Applying)
Permanent · Hyderabad
VERUSCHKA
Social Media And PR Specialist
Permanent · MUMBAI
VERUSCHKA
E-Commerce Manager
Permanent · MUMBAI
H&M
E-Commerce Commercial Manager
Permanent · NEW DELHI
H&M
Area Facility Manager
Permanent · NEW DELHI
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Manager / in Charge - Production/Quality/Cutting - Garments Industry
Permanent · Bhiwandi
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
PUMA
Regional Sales Manager- Mbo (South)
Permanent · Bengaluru
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
By
Reuters
Published
Nov 1, 2010
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Alberto Culver tops Street on strong int'l sales

By
Reuters
Published
Nov 1, 2010

NEW YORK, Nov 1 (Reuters) - Hair care products maker Alberto Culver Co (ACV.N), which Unilever is buying for $3.7 billion, reported a higher-than-expected quarterly profit, boosted by strong sales in Latin America and Canada.

Alberto Culver
AlbertoCulver.com

The results reinforce the idea that consumer goods company Unilever (UNc.AS) (ULVR.L) is getting some popular brands with room to grow, said Morningstar Inc analyst Lauren DeSanto, while Alberto Culver needed a larger partner to expand those brands.

"If you look back at the reasoning behind the acquisition, it's small company with strong healthy brands," DeSanto said. The two companies announced the deal in September and expect it to close during this quarter.

Alberto Culver said international sales rose by 26.7 percent in the fourth quarter ended on Sept. 30, while U.S. sales were up 3.5 percent as the company sold more of its TRESemme and Nexxus hair care products domestically.

DeSanto noted that marketing had driven much of the sales increase. Advertising and marketing costs rose 9.3 percent for the full year.

Net income at Alberto Culver, which makes Alberto V05 and other brands of shampoos, rose to $41.3 million, or 41 cents a share, from $31.7 million, or 32 cents a share, a year earlier.

Excluding tax benefits resulting from dividend payments, it earned 42 cents a share, beating the analysts' average estimate of 39 cents, according to Thomson Reuters I/B/E/S.

The company, which competes with larger rivals Procter & Gamble Co (PG.N) and L'Oreal SA (OREP.PA), said net sales rose 12.1 percent to $431.9 million, while analysts had expected $429.5 million.

L'Oreal posted better-than-expected quarterly earnings on rebounding luxury brands, while P&G beat expectations by relying on heavy advertising and overseas growth.

Shares of Alberto were up 5 cents at $37.34 on the New York Stock Exchange.

(Reporting by Dhanya Skariachan and Jon Lentz, editing by Gerald E. McCormick and Lisa Von Ahn)

© Thomson Reuters 2022 All rights reserved.