BeautiControl Reports Third Quarter Earnings; Operating Income Increases 102%.Business Editors DALLAS--(BUSINESS WIRE)--Sept. 21, 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 over quarter improvement in earnings for the third quarter of 2000. BeautiControl reported third quarter 2000 sales of $14.7 million and net income of $.2 million or $.03 per share compared to third quarter 1999 sales of $16.4 million and net loss of ($1.7) million or ($.23) loss per share. Net income and earnings per share for the nine months ended Aug. 31, 2000 were $2.1 million or $.30 per share (including a $.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 sale of an asset) compared to a net loss of ($3.9) million or ($.54) loss per share for nine months ended Aug. 31, 1999. For the nine months ended Aug. 31, 2000, BeautiControl announced sales of $47.8 million compared to sales of $50.7 million for the nine months ended Aug. 31, 1999. "As evidenced by the third quarter's results," stated Richard 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, "the Company continues to see a return to profitability as seen in the tremendous improvement in operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. of 102%. During August 2000, the Company held its annual Celebration event, which generated excitement among the consultants regarding new products and selling techniques Selling technique is the body of methods used in the profession of sales, also often called personal selling. Techniques in use in selling interviews vary from the highly customer centric consultative selling to the heavily pressured "hard close". ." "The Company is very excited about the recent merger announcement with Tupperware and the cash tender offer that began yesterday. Joining with Tupperware represents a merger of strengths, allowing both companies to share direct-selling synergies," commented Mr. Heath. "In addition, the merger will allow BeautiControl to extend its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and global business reach by leveraging Tupperware's multinational infrastructure and 50-years of direct-selling expertise. Both companies have been successful in offering innovative marketing channels such as direct mail and industry-leading e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. capabilities and will continue to leverage these tools to bring profitable results to BeautiControl." 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 of "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: the possible inability of Tupperware to complete the acquisition of the Company, the risks and uncertainties associated with integrating the two companies and retaining key personnel, 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, 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, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
Three Months Ended Nine Months Ended
Aug. 31, Aug. 31,
2000 1999 2000 1999
---------- ---------- ---------- ----------
Net Sales $ 14,667 $ 16,411 $ 47,844 $ 50,693
Cost of Sales 3,370 3,982 11,180 11,929
Selling, general &
administrative 11,221 14,782 35,472 44,346
---------- ---------- ---------- ----------
Income (loss) from
operations 75 (2,353) 1,192 (5,582)
Interest and other
income (expense), net 144 (160) 2,117 (227)
---------- ---------- ---------- ----------
Income (loss) before
income taxes 219 (2,513) 3,309 (5,809)
Income taxes
(benefit) 0 (827) 1,123 (1,922)
---------- ---------- ---------- ----------
Net income (loss) $ 219 $ (1,686) $ 2,187 $ (3,887)
========== ========== ========== ==========
Earnings (loss) per
common share $ 0.03 $ (0.23) $ 0.30 $ (0.54)
========== ========== ========== ==========
Weighted average
common shares 7,231,448 7,231,448 7,231,448 7,230,791
========== ========== ========== ==========
Earnings (loss) per
common share --
assuming dilution $ 0.03 $ (0.23) $ 0.30 $ (0.54)
========== ========== ========== ==========
Weighted average
common and common
equivalent shares 7,299,833 7,231,448 7,268,445 7,230,791
========== ========== ========== ==========
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion