Q4 SALES RISE 2.5%
• Colgate-Palmolive Company posted
a 2.5% increase in worldwide net sales
to $4.3 billion in the fourth quarter 2012.
Global unit volume grew 1.5%, pricing
increased 2.5% and foreign exchange was
negative 1.5%. Net income rose 6% to
$671 million. Operating profit increased
2% to $942 million.
For the full year 2012, worldwide net sales
rose 2% to $17.1 billion. Global unit volume
grew 3.0%, pricing increased 3.0% and foreign exchange was negative 4.0%. Excluding
divested businesses, global unit volume grew
3.5%. The Sanex acquisition contributed
0.5% to full year sales and volume growth.
Organic sales grew 6.0%. Net income for the
full year 2012 rose 4% to $2.5 billion.
Ian Cook, chairman, president and
CEO, commented, “We are very pleased to
have ended the year with another quarter
of strong profitability. Gross profit margin,
operating profit margin and net income as
a percent of sales all increased versus the
year ago period.”
•Once again, Unilever showed that it
knows a thing or two about selling shampoo and soap bars in emerging markets.
Led by sales gains in India, Brazil and
other growth countries, the company reported 2012 sales rose 10.5% to € 51. 3 billion ($68 billion).
In a conference call with reporters,
Unilever executives took the time to single
out strong sales of hair care products and
soaps in emerging markets such as Latin
America and Asia.
“We’re making much clearer choices—
allocating resources, and concentrating
where we see the most potential,” said
Jean-Marc Huet, chief financial officer.
“It could be the launch of Tresemme in
Brazil, Indonesia and India. It could be the
launch of this product in the US, Magnum
(ice cream) in the Philippines, Bertolli
Gold (olive oil spread) in the Nordics, the
Nu Skin’s Revenues Rise
UK—the list continues.”
Top-selling products in 2012 includ-
ed Dove Damage Therapy hair care and
Rexona Maximum Protection deodorant.
•Nu Skin Enterprises, Inc. said fourth
quarter sales jumped 19% to a record
$588.2 million. Revenue in the Americas
improved 4% to $80.1 million.
“We are pleased with our solid fourth-quarter results and believe 2013 will be
another record year as we launch a new
wave of compelling anti-aging products
and project strong performances around
the world,” said Truman Hunt, president
and chief executive officer.
He credited fourth quarter growth to
gains in Japan, South Korea and mainland
China where sales of ageLOC products
are strong. The company reported full year
2012 revenue jumped 24% to $2.17 billion.
Additionally, the company announced
that it is increasing its full-year 2013 revenue guidance by $50 million to $2.30-
Sales Rise 7% at Estée Lauder
•The Estée Lauder Companies Inc. re-
ported net sales for its second quarter
ended Dec. 31, 2012 rose 7% to $2.93
For the six months ended Dec. 31,
2012, the company reported a 5% increase
in net sales to $5.48 billion. Net sales grew
in each of the company’s geographic regions and major product categories.
Estée Lauder began the second half of
its fiscal year by successfully launching another wave of its Strategic Modernization
Initiative in early January, a key driver to
achieving additional long-term efficien-cies, according to Fabrizio Freda, president
and chief executive officer.
“Our recent increased strategic marketing spending behind key innovations and
existing winning products in countries with
good momentum should help drive sales
growth in coming months,” he said.
Looking ahead, Freda expects continued solid growth in the US and many
emerging markets and e-commerce and
improving trends in travel retail. For the
full fiscal year, Estée Lauder is re-affirming
its sales growth forecast of between 6%
and 7% in local currency.
Although the global prestige beauty
industry continues to experience mixed
results and overall growth has slowed
from the prior year, the company’s performance was broad-based, generating
local currency sales gains in each of its
geographic regions and major product
categories, according to Lauder. Sales
growth was solid in the US and certain
developed countries and strong overall in
•Inter Parfums, Inc. released its initial
guidance for 2013, which calls for net sales
of approximately $460.0 million and net
income attributable to Inter Parfums, Inc.
of approximately $26.4 million. The guidance assumes the dollar remains at current levels.
According to Jean Madar, chairman and
CEO, growth is expected from the continued strong sell-through of legacy fragrances
for Inter Parfums’ largest brands, including
Lanvin, Jimmy Choo and Montblanc. The
year will also be one of Inter Parfums most
ambitious for new product introductions
with new women’s fragrance lines planned
for Jimmy Choo, Lanvin and Van Cleef &
Arpels. In addition, new fall 2013 initiatives
are under development for the Boucheron,
Balmain, Paul Smith, Repetto, Anna Sui and
Madar estimated that Inter Parfums
entered the new year with cash, cash
equivalents and short-term investments