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ALBERTO-CULVER REPORTS RECORD FISCAL YEAR SALES AND EARNINGS; POSTS BILLION DOLLAR-PLUS SALES FOR FIRST TIME; DECLARES SPECIAL DIVIDEND

ALBERTO-CULVER REPORTS RECORD FISCAL YEAR SALES AND EARNINGS; POSTS

BILLION DOLLAR-PLUS SALES FOR FIRST TIME; DECLARES SPECIAL DIVIDEND
 MELROSE PARK, Ill., Oct. 28 /PRNewswire/ -- The Alberto-Culver Company (NYSE: ACVA, ACV) today announced record sales of $1.09 billion and record earnings of $36.8 million for its fiscal year ended Sept. 30, 1992.
 The company's sales surpassed a billion dollars for the first time in its history and in recognition of this achievement the board of directors declared a one-time extraordinary dividend of 2 cents per share in addition to the regular quarterly dividend of 6 cents per share also declared today.
 Leonard H. Lavin, the company's chairman and chief executive officer said that the dividend was "in recognition of the steadfast support our stockholders have displayed throughout the company's history." He added, "One cent of this is in recognition of the accomplishment of achieving a billion dollars and the other cent is the opening shot in the company's drive toward the two billion dollar sales mark." Lavin pointed out that earlier this month the company had recognized the contribution of the company employees world-wide with the grant of two additional paid vacation days for the coming fiscal year.
 Sales for the fiscal year were $1.09 billion compared to $873.7 million in fiscal 1991, an increase of 25 percent. Pretax earnings for the year posted a 28 percent increase to $61.4 million. Net earnings were a record $38.6 million, or $1.36 per share, up 28 percent over the 1991 level of $30.1 million or $1.06 per share.
 For the fourth quarter, sales increased 18 percent to a record level of $291.2 million, compared to $247.4 million in the comparable 1991 quarter. Pretax earnings for the quarter were $15.4 million. Net earnings rose 12.3 percent to $9.9 million, or 35 cents per share, versus 1991 fourth quarter results of $8.8 million or 31 cents per share.
 Lavin commented that the company had made excellent progress "in the face of some of the most difficult market conditions any of us can remember." He cited the unexpected bankruptcy filing of a major U.S. customer, continuing inventory tightening by retailers and currency volatility internationally as barriers that the company had to overcome to achieve its record results.
 Lavin said that Alberto-Culver U.S.A. posted solid profit increases for the year. Alberto-Culver International showed a good sales increase for the year, even before factoring the acquisition of Cederroth International AB into those figures. The company initially purchased a portion of the Stockholm-based manufacturer of health and hygiene products in September 1991 and added two additional purchases during this fiscal year to bring its equity ownership position to 92.2 percent. Lavin said Cederroth sales and profits exceeded company expectations for the year.
 The company's Sally Beauty Company subsidiary continued its impressive performance. "In a year that has been a soft one for many retailers, Sally posted strong double-digit increases in both sales and earnings," Lavin reported. The chain, which sells professional beauty supplies, now has approximately 1,100 outlets in the U.S. and Great Britain.
 "We will continue to focus on long-term objectives and growth rather than quarterly results," Lavin emphasized. "We have the brands and the position in our markets which, properly supported, can generate that growth."
 The company's quarterly dividend of 6 cents per share plus the one- time special dividend of 2 cents per share on both its Class A and Class B common stock will be payable Nov. 20, 1992, to shareholders of record as of Nov. 6, 1992.
 ALBERTO-CULVER FOURTH QUARTER, FISCAL YEAR, 1992
 Three Months Ended Sept. 30 (A) 1992 1991
 Net sales $ 291,160,000 $ 247,406,000
 Earnings before income taxes $ 15,364,000 $ 14,128,000
 Provision for income taxes 5,456,000 5,306,000
 Net earnings $ 9,908,000 $ 8,822,000
 Earnings per share $.35 $.31
 Weighted average number of
 shares outstanding 28,545,000 28,239,000
 Twelve Months Ended Sept. 30 (A) 1992 1991
 Net sales $1,091,286,000 $ 873,719,000
 Earnings before income taxes $ 61,356,000 $ 47,928,000
 Provision for income taxes 22,740,000 17,812,000
 Net earnings $ 38,616,000 $ 30,116,000
 Earnings per share $1.36 $1.06
 Weighted average number of
 shares outstanding 28,363,000 28,303,000
 (A) -- The financial results of Cederroth International A have been included in the consolidated financial statements of Alberto-Culver Company since its acquisition in September 1991.
 -0- 10/28/92
 /CONTACT: Daniel Stone, 708-450-3005, or Nancy Shields, 708-450-3142, both of Alberto-Culver Company/
 (ACV) CO: Alberto-Culver Company ST: Illinois IN: HOU SU: ERN


SH -- NY102 -- 6133 10/28/92 15:01 EST
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Date:Oct 28, 1992
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