Breaking News

Helen of Troy Limited Posts Record Earnings

October 10, 2002

Helen of Troy Ltd., a marketer of brand-name personal care products, today reported record earnings for the second quarter and six months ended Aug. 31, 2002. Second quarter sales were $111,058,000, versus sales of $112,688,000 for the same period of the prior year. Second quarter net income increased 22% to $8,876,000, compared with $7,303,000 a year earlier.

First half sales climbed 5% to a record $213,541,000 from sales of $204,071,000 for last year's first half. Net income for the first half of this year was $15,467,000 versus $11,895,000, in the comparable period last year, representing a 30% increase in net earnings.

Gerald J. Rubin, chairman, chief executive officer and president, said "Sales have increased in 31 of the past 34 quarters, with net income increasing in 30 of these 34 quarters, demonstrating a consistent financial performance over the past eight and a half years."

Mr. Rubin noted that the company is very pleased and excited to have entered into a definitive agreement to acquire directly and through license agreements six well known consumer brand names from The Procter and Gamble Company. The brands include Condition 3-in-1, a line of hairstyling products; Final Net, a hairspray; Vitalis, a line of men's hair grooming products; Ammens, a body powder; Sea Breeze brand of astringent and Vitapointe, another hair grooming product. The transaction is scheduled to close within ninety days.

"We look forward to adding these six strong consumer brands to our already impressive list of consumer products," Mr. Rubin concluded.
  • Fit for Fitness

    Fit for Fitness

    Christine Esposito, Associate Editor||February 21, 2017
    Kinx Active is a new brand targeting women who want beauty products that can stand up to their fitness routines.

  • Cargo Says Aloha To Spring/Summer

    Cargo Says Aloha To Spring/Summer

    Christine Esposito, Associate Editor||February 13, 2017
    Cargo Cosmetics has rolled out its new Spring/Summer collection with Hawiianan singer Anuhea.

  • Cashing In on Coconuts

    Cashing In on Coconuts

    Melissa Meisel, Associate Editor||February 6, 2017
    Organic to Green is making waves for its new oils and eco-friendly packaging.

  • Trade Association Directory 2017

    February 2, 2017
    Contact details of trade associations that serve various segments of our industry and are mentioned frequently in Happi.

  • What the Halal  Is Going On?

    What the Halal Is Going On?

    Imogen Matthews , In-Cosmetics||February 2, 2017
    Demand for these beauty products is surging thanks to a fastgrowing Muslim population.

  • Relief for Sensitive Scalps

    Relief for Sensitive Scalps

    Guadalupe Pellon and Annette Mehling , BASF||February 2, 2017
    BASF researchers detail the attributes of the company’s highly effective hair care system focusing on scalp sensitivity.