|
|
Article: Quarter a beauty for Alberto-Culver Profit rises 23 percent for hair-care and personal care products company
- Article from:
- Chicago Sun-Times
- Article date:
- January 24, 2003
- Author:
CopyrightCopyright 2003 Chicago Sun-Times. (Hide copyright information)
|
Alberto-Culver Co. said its profit climbed 23 percent for the
quarter ended Dec. 31, as the company sold more hair-care goods to
salons and consumers snapped up competitively priced personal care
products.
The Melrose Park company, which makes Alberto V05 shampoo and St.
Ives lotions, said its first-quarter profit rose to $36 million, or
60 cents per diluted share, from $29.3 million, or 50 cents per
diluted share, during the same period a year ago.
The company's sales climbed 13 percent to $696.8 million for the
quarter, and grew 7.1 percent excluding acquisitions it made in the
previous year.
Alberto-Culver shares jumped $1.80 to $52.24, a 3.6 percent gain
and the biggest one-day increase ...