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Helen of Troy Posts Gains for Q3, Six Months

October 10, 2013

Personal care segment benefited from new product distribution.

Helen of Troy Limited reported results for the three and six month periods ended Aug. 31, 2013.
 
For the second quarter, net sales revenue increased 11.1% to a record $319.4 million. Operating income was $30.4 million, staying almost flat compared to operating income of $30.8 million in the same period last year.
 
For the first six months, net sales revenue increased 6.2% to a record $623.9 million.
 
Chairman of the Board, Chief Executive Officer and President Gerald J. Rubin, stated, “We are pleased to report solid performance in the second quarter, highlighted by sales growth across all our operating segments and increased consolidated adjusted EBITDA and net income despite product cost and currency headwinds … our personal care segment benefited from a new product distribution arrangement in Europe specific to the current fiscal year and increased sales in our professional appliance business.
 
“In the first week of September 2013, we commenced initial operations at our new 1.3 million square foot distribution facility in Mississippi, on time and within budget, and converted our Healthcare/Home environment segment onto our global ERP system, positioning us well to accommodate anticipated future growth.”
 
For fiscal year 2014, the company continues to expect net sales revenue in the range of $1.29 billion to $1.32 billion.
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