Company News

Personal Care Sales Flat at Helen of Troy

Q3 sees $148.6 million for segment.

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By: TOM BRANNA

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Helen of Troy Limited posted a 10.6% rise in total sales to $374.6 million for the third quarter of 2013. According to reports, the increase was attributable to higher sales in the health care segment, driven by sales increase from the acquisition of the Pur water filtration business in December 2011.

Personal care sales slipped marginally by 0.2% to $148.6 million in the third quarter of fiscal 2013. However, it contributed positively to earnings, said the company.
Helen of Troy will purchase 84 acres of land and construct a new 1.3 million sq. ft. distribution center in Olive Branch, Mississippi, for a total estimated cost of approximately $37 million. Helen expects the new distribution center to be ready for operation in the third fiscal quarter of fiscal 2014, said reports.

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