Helen of Troy Sets Records for First-Quarter Net, Sales

[caption id="attachment_2057" align="alignleft" width="225"]        [/caption]

EL PASO, Texas-Helen of Troy broke its previous marks for net income and net sales in its fiscal first quarter.

The company's bottom line totaled $18.4 million, up 26.7 percent from the first quarter of last year, while net sales increased 11.3 percent to $160.2 million. The top-line results included a gain of 10.9 percent in sales from Helen of Troy's personal-care segment and a pickup of 12.3 percent in sales from its housewares segment.

The company's results received a major boost from a 450 basis-point jump in gross margin, which finished the quarter at 45.2 percent. This and the gain in net sales helped offset a 25.1 percent increase in selling, general and administrative expenses.

Gerald Rubin, Helen of Troy's chairman, president and chief executive officer, said the first quarter "lays a solid foundation for the current year." Rubin said the company would pursue its strategic plan for fiscal 2011 in a challenging economic environment, the components of which include growth and expansion of its Oxo product lines, continued investment in new product development and innovation, cost-management initiatives, productivity initiatives and additional 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.


Current Issue

  • HFN May digital issue


    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.


    • 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