Helen of Troy Reports 67 Percent Gain in Net for Third Quarter

EL PASO, Texas-Net income for Helen of Troy's third fiscal quarter jumped 67 percent to $24.7 million.

The company's results for the quarter received boosts from net sales, which rose 2 percent to $189.4 million; cost of goods sold, which fell 5.5 percent; and from a 37 percent reduction in interest expense. Selling, general and administrative expenses edged up 0.2 percent in the quarter, but dropped 50 basis points as a percentage of net sales. At the end of the third quarter, the company's inventories were down 24 percent versus the end of the third quarter in the prior fiscal year.

Helen of Troy also said net sales in its housewares segment rose 22 percent in the quarter. This was somewhat offset by a 4.4 percent drop in net sales from the personal-care segment.

Gerald Rubin, chairman, president and chief executive officer, said, Helen of Troy will continue its efforts to control expenses, increase sales and boost gross margins in the year ahead.

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.