Helen of Troy Net Jumps 14.7 Percent in Q3

EL PASO, Texas-In what Gerald Rubin, chairman, president and CEO, described as the best quarter in its history in terms of both the top and bottom line, Helen of Troy posted a 14.7 percent gain in net income to $37.7 million.

Net sales rose 10.6 percent to $374.6 million as the company set new records for both sales and income in the quarter, which ended on Nov. 30. Helen of Troy received significant boosters in sales from its health-care/home-environment segment (up 23 percent) and the housewares segment (with a 10.7 percent gain). Sales in the personal-care segment slipped 0.2 percent.

Gross margin rose 30 basis points to finish the quarter at 39.6 percent. Selling, general and administrative expenses were up 11 percent in dollars and 10 basis points as a percentage of sales, to 27.1 percent.

Rubin praised the company for its ability to achieve positive results in a retail sales environment that continues to challenge the business. He said Helen of Troy's cash position "can be used to further innovate our businesses and make future acquisitions."

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

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 May digital issue

    HFN's DIGITAL EDITION

    May 2017


    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    ALSO IN THIS ISSUE:

    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money