NU-NET: Nu Skin Enterprises Inc.’s second-quarter profits leapt 55.7 percent to $18 million, or 22 cents a share. Adjusting for an accounting change, which eliminates goodwill amortization in the year-ago period, net income jumped 35.6 percent. Sales for the quarter ended June 30 improved 12 percent to $244.9 million. In constant currencies, sales picked up 13 percent in the quarter. The Provo, Utah-based firm, which will enter China in early 2003, said it’s on pace to exceed its previously-stated operating margin goal of 10 percent for the year.
This story first appeared in the July 19, 2002 issue of WWD. Subscribe Today.
CAMP CARE: Responding to the families of victims of Sept. 11 who didn’t want to be apart from each other this summer, the Gift of New York and Revlon have teamed together to bring summer camp activities to families right here in NYC. Revlon hosted an event this month at the Sea Lion Tank in Central Park to launch the Gift of New York ‘Revlon Cares Summer Camp.’ Dozens of kids, parents and caregivers showed up, including Andrew Tisch, chairman, Gift of NY and Loews Corp. executive committee; and Jack Stahl, Revlon’s ceo.
NEW SCENT: Coty Inc.’s Lancaster Group Worldwide is preparing to launch a new Isabella Rosselini fragrance this fall. The scent, called Isabella, will have only European distribution.
BEAUTY SWITCH: Andrew Knox has been named vice president of sales at Too Faced Cosmetics. Knox was formerly vice president of sales at Tony & Tina Vibrational Remedies cosmetics company.
SENSITIVE ISSUE: Aubrey Organics, a 35-year-old natural beauty company, is turning its focus to sensitive skin with its Level 6 collection. The line, featuring Aloe and Oatmeal, contains Natural Herbal Facial Cleanser, Natural Herbal Facial Astringent, Natural Herbal Maintenance with Goa Herb Oil Balancing Moisturizer, Natural Herbal Seaclay with Goa Herb Oil Balancing Mask, Lumessence Eye Cream and Vegecell Nighttime Hydrator. Prices range from $6.50 to $22.50. Aubrey Organics can be found in more than 4,500 health food stores nationwide, on the web at Aubrey-organics.com or at 1-800-282-7394.
MAKING THE GRADE: Del Laboratories, has been added to the Russell 2000 Index, a leading U.S. equity index published by the Frank Russell Company that measures the performance of 2,000 small cap U.S. companies. On April 24, 2002, Del Laboratories reported a 20 percent increase in net sales for the first quarter of 2002, to $79,940,000 compared to 2001 first quarter net sales of $66,727,000, and an increase of 175 percent in net earnings for the first quarter of 2002, excluding one-time after-tax gains from the sale of vacant land, to $3,491,000, or $0.41 per basic share. Including after-tax gains from the sale of vacant land, the Company reported net earnings of $4,948,000, or $0.58 per basic share.