BeautiControl Reports Second Quarter Earnings of $0.14 Per Share in 2000, a 173% Improvement Over Second Quarter of 1999.Business Editors DALLAS--(BUSINESS WIRE)--June 20, 2000 BeautiControl, Inc. (Nasdaq:BUTI BUTI Boston University Tanglewood Institute ), a Dallas-based direct sales marketer and manufacturer of cosmetics-related products and nutritional supplements Nutritional Supplements Definition Nutritional supplements include vitamins, minerals, herbs, meal supplements, sports nutrition products, natural food supplements, and other related products used to boost the nutritional content of the diet. announced quarter to quarter earnings improvement and an increase in sales in its BeautiControl U.S. operations for the second quarter of 2000. BeautiControl reported second quarter 2000 sales of $17,239,526 and income of $984,836 or $0.14 per share as compared to sales of $17,473,860 and a loss of ($1,350,984) or ($0.19) per share in second quarter of 1999. In addition, BeautiControl reported a 4% increase in sales in its BeautiControl U.S. business in quarter over quarter sales. For the first two quarters of the year, BeautiControl announced sales of $33,176,951 and earnings of $1,967,305 or $0.27 per share (including a $0.13 one-time one-time adj. 1. or one·time a. Occurring or undertaken only once: a one-time winner in 1995. b. gain on the sale of an airplane airplane, aeroplane, or aircraft, heavier-than-air vehicle, mechanically driven and fitted with fixed wings that support it in flight through the dynamic action of the air. ). As compared to the two same quarters in 1999, BeautiControl had sales of $34,281,995 and a loss of ($2,200,505) or ($0.30) per share. "We are truly pleased with this quarter's results," remarked Richard Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a W. Heath heath, tract of open land heath, tract of open land characterized by a few scattered trees, abundant moss cover, and numerous low shrubs, principally of the heath family (see heath, in botany). , Chief Executive Officer. "With our geographic geographic /geo·graph·ic/ (je?o-graf´ik) in pathology, of or referring to a pattern that is well demarcated, resembling outlines on a map. geographic pertaining to geography. expansion investments behind us in 1999, the strategic direction for the Company in 2000 as previously announced is returning the Company to profitability and improving shareholder value. Already in 2000, we have demonstrated in the first two quarters that we are focused and well on our way. "We created excitement in our field organization during the quarter with introductions of new products and new selling aids." commented Mr. Heath. "The Company is continuing its strategy of selectively updating its products while at the same time maintaining its focus on emphasizing various selling opportunities and providing its Consultants with the tools to grow their businesses. We continue to leverage the power of the internet with new offerings and enhancements which allow consumers easy access to purchase the Company's products and services and allow our Consultants to conveniently service their clients. After our launch of personal web pages in March 2000, we currently have over 1,300 web sites. We have planned further enhancements to these selling tools at our upcoming annual sales conference sales conference n → conferencia de ventas sales conference n → réunion f de vente sales conference n → in August. Going forward, we plan to grow our business through all markets and avenues; the internet and other market segments are just the beginning of BeautiControl's willingness to expand to new horizons. I personally believe the months ahead will bring satisfaction to our customers as well as our shareholders." Company stock is traded on The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol "BUTI" and is listed in alphabetical quotation QUOTATION, practice. The allegation of some authority or case, or passage of some law, in support of a position which it is desired to establish. 2. Quotations when properly made, assist the reader, but when misplaced, they are inconvenient. as "BeautiCtl" or "BeauCtl." The information contained in this news release includes certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . It is important to note that actual results could differ materially from those projected by such forward-looking statements. Important factors that could cause actual results to differ materially from those projected in such forward-looking statements include, but are not limited to, the following: Consultant and Distributor activity levels, recruiting of new Consultants and Distributors, new product introductions, changes in senior management, protection of intellectual property rights and third party infringement The encroachment, breach, or violation of a right, law, regulation, or contract. The term is most frequently used in reference to the invasion of rights secured by Copyright, patent, or trademark. , changes in U.S. or international economic conditions, results of international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. including governmental, regulatory reg·u·late tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates 1. To control or direct according to rule, principle, or law. 2. , political and foreign exchange rate impacts, results of operations in new markets, global and domestic expansion efforts, capital resources and the ability to obtain financing and market risks.
BEAUTICONTROL COSMETICS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
Three Months Ended Six Months Ended
May 31, May 31,
2000 1999 2000 1999
----------- ----------- ----------- -----------
Net Sales $17,239,526 $17,473,860 $33,176,951 $34,281,995
Cost of Sales 4,068,848 3,866,433 7,809,802 7,946,460
Selling, general
& administrative 12,030,559 15,645,530 24,250,342 29,564,193
----------- ----------- ----------- -----------
Income (loss) from
operations 1,140,119 (2,038,103) 1,116,807 (3,228,658)
Interest and other
income (expense),
net (155,283) 9,274 1,973,104 (66,861)
----------- ----------- ----------- -----------
Income (loss)
before
income taxes 984,836 (2,028,829) 3,089,911 (3,295,519)
Income taxes
(benefit) 0 (677,845) 1,122,606 (1,095,014)
----------- ----------- ----------- -----------
Net income (loss) $984,836 ($1,350,984) $1,967,305 ($2,200,505)
=========== =========== =========== ===========
Earnings (loss)
per common share $0.14 ($0.19) $0.27 ($0.30)
=========== =========== =========== ===========
Weighted average
common shares 7,231,448 7,231,448 7,231,448 7,230,459
=========== =========== =========== ===========
Earnings (loss)
per common share-
assuming dilution $0.14 ($0.19) $0.27 ($0.30)
=========== =========== ============ ===========
Weighted average
common and common
equivalent shares 7,278,763 7,231,448 7,255,321 7,230,459
=========== =========== ============ ===========
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