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ALBERTO-CULVER IS IN THE BLACK IN THIRD QUARTER, WITH 22% EARNINGS JUMP

This article was originally published in The Rose Sheet

Executive Summary

ALBERTO-CULVER IS IN THE BLACK IN THIRD QUARTER, WITH 22% EARNINGS JUMP to $12.3 mil. The firm's profitable performance in its third quarter (ended June 30) follows earnings declines of 17.2% in the second quarter and .8% in the first quarter. Third quarter sales increased 8.8% to $315 mil., "fueled by double- digit sales increases" in Alberto's U.S. toiletries business and its Sally Beauty operations, the company said. For the nine months, Alberto's earnings were essentially flat (up .7%) at $30.1 mil. on sales of $902.4 mil., an increase of 6.5%.
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