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.

Videos

  • Von Tobel Cites Brass Textures Among Top Trends

    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 cover for September 2017

    HFN's DIGITAL EDITION

    September 2017


    COVER STORY:

    2017 State of the Industry Report
    Cautious Optimism, Mixed Results

    Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.


    ALSO IN THIS ISSUE:

    •  TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
    •   Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
    •  N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.