Del Labs
This article was originally published in The Rose Sheet
Executive Summary
Sally Hansen beauty brand represents significant growth opportunity, with several product launches planned, including Airbrush self-tanner, which builds on the brand's Airbrush Legs, CEO William McMenemy says during Bear Stearns Global Credit Conference May 18. Firm also is in the early stages of developing a foot care line, exec adds. Del Labs aims to grow its brands both domestically and internationally, McMenemy says, noting the firm "could easily add 10,000 doors" to its N.Y.C. New York Color cosmetics brand's distribution. Del Labs' cosmetic division achieved Q1 sales of $70.1 mil., a 7.5% increase, and net sales grew 7.3% to $89.1 mil. Net loss for the quarter was $1.2 mil., compared to net earnings of $680,000 in 2004...