In the third quarter, sales increased 24% to $205.6 million. Third quarter net earnings rose 24% as well, to $31.1 million. Both are records, Helen of Troy executives said.
For the nine-month period, sales increased 25% to $453.9 million. Fiscal year-to-date net earnings were 22% higher than the previous year's period, to $64.4 million.
“I am extremely pleased with our excellent sales and earnings results during the third quarter and nine months of this fiscal year,” said Gerald Rubin, chairman, chief executive officer and president at Helen of Troy.
He added, “We are currently forecasting sales for next fiscal year, beginning March 1, 2005, in the range of $645-660 million. We are also initiating next fiscal year earnings per share guidance of $2.90-3.00 per diluted share.