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Alberto-Culver Usa, Inc.
TickerACV

www.alberto.com

2525 Armitage Avenue
Melrose Park, IL  60160
USA
Phone708.450.3000

Company Information
Company Information
IndustryManufacturing (Miscellaneous)
  
# of Employees3800
  
OwnershipPublic Company
  
  
Company Security Requirements1. Very High
  
Company Storage Requirements1. Very High
  
Fortune 1000 Rank550
Description
Alberto-Culver Company develops, manufactures, distributes and markets branded consumer products. The Company operates two businesses: Global Consumer Products and Beauty Supply Distribution. The Global Consumer Products business consists of two divisions: Alberto-Culver Consumer Products Worldwide, which develops, manufactures, distributes and markets branded beauty care products, as well as branded food and household products in the United States and more than 120 other countries, and Cederroth International, which manufactures, markets and distributes beauty and healthcare products throughout Scandinavia and in Europe. The Company's Beauty Supply Distribution business includes two segments: Sally Beauty Supply, a domestic and international chain of cash-and-carry outlets offering professional beauty supplies to both salon professionals and retail consumers, and Beauty Systems Group, a full-service beauty supply distributor offering professional brands directly to salons.


Top Executives
Executive NameTitle
Boswell, GinaPresident, Global Brands
Gerstein, RichardChief Marketing Officer
James Marino, VincentPresident & Chief Executive Officer
Marino, JamesPresident, Chief Executive Officer, Director
Marino, V.President, Chief Executive Officer And Director
Nicoletti, RalphChief Financial Officer, Senior Vice President
Renzulli, MichaelPresident, Sally Beauty Company, Inc.
Winterhalter, GaryPresident, Sally Beauty Company, Inc.
      
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Recent Company Events
DateType of EventDetails
2008-01-28Earnings/DividendsIncreases Regular Quarterly Cash Dividend 18.2% to 6.5 Cents Per Share

MELROSE PARK, Ill., Jan. 28 /PRNewswire FirstCall/ Alberto Culver Company , a leading manufacturer and marketer of personal care products including TRESemme, Alberto VO5, Nexxus and St. Ives, today announced record sales and earnings results from continuing operations for its first fiscal quarter of 2008.

First Quarter:

Net sales for the first quarter increased 14.1% to $400.7 million from

$351.1 million in the prior year.

Pre tax income from continuing operations increased to $43.5 million

from a loss of $1.3 million in the prior year quarter. Excluding

restructuring and other expenses of $4.8 million in the current

quarter and $31.4 million in the prior year quarter, pre tax earnings

from continuing operations increased 60.5% to $48.3 million compared

to $30.1 million in the prior year quarter.

Diluted earnings per share from continuing operations increased to 29

cents from zero in the prior year quarter. Excluding restructuring

and other expenses, diluted earnings per share from continuing

operations increased 52.4% to 32 cents versus 21 cents in the prior

year quarter.

Commenting on the first quarter, Alberto Culver President and Chief Executive Officer V. James Marino said, "Our record performance this quarter was due to the continued success of TRESemme in each of our major markets and growth in several of our brands, including Nexxus. In our beauty care markets outside the U.S., we generated strong sales and earnings growth. Our robust pre tax earnings growth rate was driven partly by our restructuring savings, which we begin lapping next quarter, gross margin improvements, increased interest income and certain one time benefits. In addition, we also shifted some of our planned marketing spending to subsequent quarters. We are very pleased with these results and look forward to continuing our momentum for the remainder of 2008."

The Company reported that its gross profit margin increased to 52.6% compared to 51.5% in the prior year quarter, mainly due to favorable product mix and more efficient inventory management. Advertising and other marketing investments increased 10.8% during the quarter to $67.5 million from $61.0 million in the prior year quarter. Selling and administrative expenses as a percentage of net sales were reduced 130 basis points to 24.4% compared to 25.7% in the prior year quarter.

Carol Lavin Bernick, Executive Chairman of the Company, stated, "We are very proud of our first quarter results and how our business performed in this competitive marketplace and uncertain economic environment. Our ability to grow, to innovate, to win and to create value are drivers to our success and are things that we remain committed to."

Mrs. Bernick also announced the Company's board of directors increased the regular quarterly cash dividend by 18.2% to 6.5 cents per share. Mrs. Bernick added, "Dividends have been an important part of our history and we are happy to reward our shareholders with a significant increase in our dividend." The dividend will be paid on February 20, 2008 to shareholders of record on February 4, 2008.

On November 16, 2006, the Company closed a transaction that separated its consumer products business from its beauty supply distribution business and resulted in the formation of two separate and independent publicly traded companies: new Alberto Culver, a worldwide manufacturer and marketer of leading beauty care and other personal care products, and Sally Beauty Holdings, Inc., a leading distributor of professional beauty supplies. As a result of the transaction, beginning in the first quarter of fiscal year 2007, the results of operations of Sally Beauty and Beauty Systems Group are reported as discontinued operations.

The Company reported earnings from discontinued operations of $1.4 million (net of tax) in the first quarter of fis
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