Helen of Troy Net Climbs 7.5 Percent in Q4, 4.8 Percent for Fiscal Year

EL PASO, Texas-Helen of Troy broke records for both its bottom and top lines for the fourth quarter and fiscal year ending Feb. 28.

The company posted net income of $31.5 million for the quarter, up 7.5 percent, and $115.7 million for the year, an increase of 4.8 percent. Net sales in the quarter rose 10.9 percent to $326 million, and totaled $1.3 billion for the fiscal year, a gain of 9 percent.

Gerald Rubin, Helen of Troy's chairman, president and CEO, said all three of the company's operating units reported double-digit increases in net sales. Regarding the bottom line, Rubin said, "Amidst a challenging retail sales environment, we continue to diligently control our costs and increased our operating income compared to the fourth quarter of last year, even as we continued to make long-term investments in our business."

Selling, general and administrative expenses increased 6.1 percent in dollars but shed 120 basis points as a percentage of sales, to 28.2 percent. Gross margin was down 150 basis points to 40.4 percent.

Rubin vowed that Helen of Troy would continue to invest in "organic growth" and evaluate potential acquisitions to add to its brand portfolio during the current fiscal year. "While the global economic environment is mixed," he said, "we remain keenly focused on executing our growth strategies and controlling our costs."

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN August 2017 cover


    August 2017

    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.