Net Edges Up 0.5 Percent for Helen of Troy in Second Quarter
October 6, 2011,
EL PASO, Texas-Second-quarter net income for Helen of Troy finished at a record $23.6 million, up 0.5 percent from last year's second quarter.
The company also set a new record in net sales for the quarter, which ended on Aug. 31. Net sales rose 59 percent to $277.4 million, thanks largely to Helen of Troy's acquisition of Kaz, which it completed in January. Sales in both its housewares and personal-care segments also posted double-digit gains in the quarter.
Gerald Rubin, Helen of Troy's chairman, president and CEO, said the company managed to break its sales and bottom-line records despite a difficult retail environment. "The integration of Kaz continues to progress well and according to our expectations," Rubin said.