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AZUSA, Calif. Physicians Formula Holdings posted a 9.4 percent increase in net sales for the third quarter and is optimistic about 2008 as it introduces its new Organic Wear line.
Net sales for the quarter ended Sept. 30 totaled $19.8 million, up 9.4 percent compared with $18.1 million in the year-ago period. This is in line with the outlook range of $18.5 million to $20.5 million.
Net income per diluted common share totaled 1 cent on about 14.6 million diluted common shares outstanding. Excluding a 5 cent per share non-cash charge for stock-based compensation after tax, adjusted net income per diluted common share would have been 6 cents per share.
“I am pleased with the additional space allocations and increased distribution for 2008. I believe this illustrates the overall strength of the brand and our successful product innovation, as well as the expertise and talents of everyone here at Physicians Formula,” stated Ingrid Jackel, chief executive officer of Physicians Formula.
As part of its 2008 initiatives, the company will introduce at retail beginning in February its new Organic Wear line, a makeup line consisting of 42 SKUs featuring Ecocert organic certification. Ecocert is an internationally recognized organic certification designed to guarantee the genuine practice of environmental respect throughout the formulation and manufacturing of the product.
“With an increasing desire for greener lifestyles, more than half of all U.S. women seek personal care products with natural ingredients and 44 percent look specifically for organic ingredients,” stated Jackel. “It made sense to offer a complete line of makeup products based on certified organic ingredients to fulfill the needs of this new demographic.”
The line, which has a shelf life of up to 24 months, includes such products as a concealer stick, tinted moisturizer, liquid bronzer and loose powder.
All formulations feature a proprietary EcoBlend complex that features OrganicSoy and Eco-Olive, certified organic soy and olive.
The packaging is the first-ever, patent-pending dual-compartment paper compact. The compact uses 93 percent less plastic than the traditional plastic compact.