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ALBERTO-CULVER REPORTS GAINS IN SALES AND EARNINGS FOR ITS SECOND QUARTER AND SIX-MONTHS; DECLARES DIVIDEND

 ALBERTO-CULVER REPORTS GAINS IN SALES AND EARNINGS FOR
 ITS SECOND QUARTER AND SIX-MONTHS; DECLARES DIVIDEND
 MELROSE PARK, Ill., April 22 /PRNewswire/ -- Alberto-Culver Company (NYSE: ACVA, ACV) today announced gains in both sales and earnings for the second quarter and first six months of its fiscal year.
 Sales for the quarter ended March 31, 1992, increased 27.9 percent to $274.2 million, up from $214.5 million in the same period last year. Net earnings were up 13.2 percent to $10.2 million or 36 cents per share compared to $9.0 million or 32 cents per share in the second quarter of fiscal 1991.
 Six-month sales were up 28.5 percent to $520.8 million versus $405.3 million for last year's six-month period. Net earnings grew 14.8 percent to $19.6 million or 69 cents per share compared to $17.1 million or 60 cents per share in the same period last year.
 Leonard H. Lavin, chairman and chief executive officer of Alberto- Culver, recognized the contribution of the toiletries division to the company's strengthened second quarter results.
 "Toiletries continues the strong resurgence created by last year's investment spending in advertising and promotion," said Lavin. "Led by Alberto VO5 Shampoo and Conditioner, the division posted very strong sales and earnings gains during the quarter.
 "We are also pleased with the progress made by our Sally Beauty Company subsidiary, which continues to post excellent increases in sales and earnings while maintaining its pace of new store openings," said Lavin.
 Lavin also noted that in April, the company increased its holding in Cederroth International AB to a total equity interest of 57.2 percent and a voting interest of 85.4 percent by purchasing 1,660,000 Cederroth Class B shares -- an additional 33.5 percent equity interest -- for $9.3 million from Smith & Nephew Overseas Ltd. Stockholm-based Cederroth is a leading manufacturer of health and hygiene products.
 "We are pleased with the progress the company has made so far in fiscal 1992," said Lavin, "and we look to the future with great confidence."
 The company today also declared its regular quarterly dividend of 6 cents per share on both its Class A and Class B common stock, payable May 20, 1992, to shareholders of record May 1, 1992.
 ALBERTO-CULVER COMPANY
 Three months ended March 31 1992 1991
 Net sales $274,199,000 $214,453,000
 Earnings before income taxes
 and minority interest 16,694,000 14,340,000
 Provision for income taxes 6,182,000 5,305,000
 Earnings before minority interest 10,512,000 9,035,000
 Minority interest in subsidiary
 income (A) (288,000) --
 Net earnings $ 10,224,000 $ 9,035,000
 Earnings per share $.36 .32
 Weighted average shares outstanding 28,320,000 28,310,000
 Six months ended March 31 1992 1991
 Net sales $520,814,000 $405,285,000
 Earnings before income taxes
 and minority interest 30,813,000 27,089,000
 Provision for income taxes 11,401,000 10,022,000
 Earnings before minority interest 19,412,000 17,067,000
 Minority interest in subsidiary
 loss (A) 179,000 --
 Net earnings $ 19,591,000 $ 17,067,000
 Earnings per share $.69 .60
 Weighted average shares outstanding 28,280,000 28,353,000
 (A) -- In September 1991, the company purchased a 23.7 percent equity interest, representing 74 percent voting control, in Cederroth International AB, formerly Cederroth Nordic AB. In April 1992, the company increased its holdings in Cederroth to 57.2 percent of the common stock outstanding, representing 85.4 percent voting control. The financial results of Cederroth International AB have been included in the consolidated financial statements of Alberto-Culver Company since its acquisition.
 -0- 4/22/92
 /CONTACT: Daniel Stone, 708-450-3005, or Nancy Shields, 708-450-3142, both of Alberto-Culver/
 (ACV) CO: Alberto-Culver Company ST: Illinois IN: HOU SU: ERN DIV


GK -- NY071 -- 1342 04/22/92 13:50 EDT
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Publication:PR Newswire
Date:Apr 22, 1992
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