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ALBERTO-CULVER REPORTS RECORD FIRST QUARTER SALES, EARNINGS ON TARGET; BOOSTS DIVIDEND FOR NINTH CONSECUTIVE YEAR

 MELROSE PARK, Ill., Jan. 27 /PRNewswire/ -- Chairman and Chief Executive Officer Leonard H. Lavin, speaking at today's annual shareholders' meeting of the Alberto-Culver Company (NYSE: ACVA, ACV), announced that the company had achieved record first quarter sales for the three months ended Dec. 31, 1992.
 Lavin also announced that for the ninth consecutive year, the board of directors voted to increase the quarterly cash dividend, raising it from 6 cents to 6.5 cents per share, or 26 cents annually, on both the company's Class A and Class B shares.
 Sales for the quarter increased 9.3 percent to $269.5 million versus $246.6 million for the same period in fiscal 1992. Earnings, in line with company budgets, were off 1992 levels by 8.2 percent, primarily as a result of previously announced increased marketing investments as well as currency weakness in several of the company's key international markets. Pretax earnings for the quarter were $13.5 million. Net earnings were $8.6 million or 30 cents per share compared with $9.4 million or 33 cents per share in the year earlier first quarter.
 "Every division of the company's Alberto-Culver USA unit delivered a sales increase and I am particularly pleased with the strong marketing- driven performances of our toiletries and professional groups," Lavin commented.
 "Internationally, our brands and their competitive positions have strengthened," said Lavin. "Sales in local currencies showed improvements, although currency fluctuations diluted the full impact of those improvements in our quarterly numbers."
 Lavin reported that the company's Sally Beauty Company subsidiary continued to post strong results, achieving double-digit sales and earnings growth for the quarter. Sally ended the quarter with 1,111 company-owned stores.
 The first quarter dividend announced today is payable Feb. 20, 1993 to shareholders of record Feb. 4.
 ALBERTO-CULVER RESULTS
 Three months ended Dec. 31 1992 1991
 Net sales $269,475,000 246,615,000
 Earnings before income taxes $ 13,537,000 14,586,000
 Provision for income taxes 4,935,000 5,219,000
 Net earnings $ 8,602,000 9,367,000
 Earnings per share $.30 .33
 Weighted average shares
 outstanding 28,605,000 28,249,000
 -0- 1/27/93
 /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

WB -- NY082 -- 9711 01/27/93 13:27 EST
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Date:Jan 27, 1993
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