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Albertoculver Co (ACV) SEC Filing 10-K Annual report for the fiscal year ending Thursday, September 30, 2010

Albertoculver Co

CIK: 1368457 Ticker: ACV

 

Exhibit 99

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FOR IMMEDIATE RELEASE   For further information, contact
  Doug Craney 708-450-3117

Alberto Culver Reports Fourth Quarter and Fiscal Year 2010

Sales and Profit Growth

Melrose Park, IL, (November 1, 2010) – Alberto Culver Company (NYSE: ACV), a leading manufacturer and marketer of beauty care brands including

TRESemmé, Alberto VO5, Nexxus, St. Ives, Simple and Noxzema, today announced results for its fourth quarter and fiscal year 2010 ended September 30, 2010.

Fourth Quarter

 

   

Net sales for the fourth quarter increased 12.1% to $431.9 million compared to $385.2 million in the prior year quarter. On an organic basis, which excludes the effect of foreign currency fluctuations and acquisitions and divestitures, sales increased 4.9% in the current quarter.

 

   

Diluted earnings per share from continuing operations increased 28.1% to 41 cents in the fourth quarter compared to 32 cents in the prior year quarter. Excluding restructuring and discrete items, diluted earnings per share from continuing operations increased 39.4% to 46 cents compared to 33 cents in the prior year quarter.

 

   

The current and prior year quarters include approximately 4 cents per share and 3 cents per share, respectively, of tax benefits resulting from intercompany dividend payments.

Fiscal Year

 

   

Net sales for the fiscal year increased 11.4% to $1.60 billion compared to $1.43 billion in the prior year period. On an organic basis, which excludes the effect of foreign currency fluctuations and acquisitions and divestitures, sales increased 4.2% in the current fiscal year.

 

   

Diluted earnings per share from continuing operations increased 30.3% to $1.55 in fiscal year 2010 compared to $1.19 in the prior year period. Excluding restructuring and discrete


The following information was filed by Albertoculver Co (ACV) on Monday, November 1, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Albertoculver Co's Definitive Proxy Statement (Form DEF 14A) filed after their 2010 10-K Annual Report includes:

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