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Business Is Booming At Helen of Troy

December 3, 2013

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.

“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,” said Gerald J. Rubin, chairman, president and CEO. “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.”

Rubin noted that in the first week of September 2013, the company began initial operations at its new 1.3 million square foot distribution facility in Mississippi on time and within budget.

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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