Helen of Troy Reports Weaker Sales Jul 10, 2009

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Helen of Troy Ltd. said that its fiscal first-quarter earnings doubled from a year earlier, yet quarterly sales fell to US$143.9 million from $145 million in 1Q 2008.

For the three months ended May 31, net income increased to US$14.5 million from $5.6 million in the same period last year. Operating income grew to $19.2 million from $17.4 million in the prior year period.

Gerald J. Rubin, the company's chairman, chief executive, and president, said the company remained committed to executing a strategic plan in fiscal 2010. "The economic environment remains challenging," he said in a statement. "We stand ready to take advantage of improvements in the future retail environment."

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