Most Popular in:
Hair Care Helps Alberto Culver See Sales Increases in Q1 2011
Posted: February 8, 2011
Alberto Culver announced results for its fiscal year 2011 first quarter. Net sales increased 11.7% to $405.3 million, compared to $363 million in the first quarter of 2010. On an organic basis, which excludes the effect of foreign currency fluctuations and acquisitions, sales increased 4.4% in the current quarter.
In the U.S., sales increased 2.8% in the first quarter, largely due to the strength in hair care, particularly Nexxus. International sales on a reported basis increased 25.2% (the net effect of foreign currency fluctuations and acquisitions accounted for approximately 18.3% of this growth) behind strong growth in all regions in both hair care and skin care.