Small appliances producer Helen of Troy Ltd reported a net sales revenue increase of 11.1%, to a record $319.4 million, in the second quarter of its 2014 fiscal year. This compares to $287.4 million in the second quarter of fiscal year 2013.
Helen of Troy's 2Q of fiscal 2014 ended on August 31, 2013.
Net income was $23.3 million, from $23.0 million in the same quarter of the previous year.
In the first half of the 2014 fiscal year the company reported that its net sales revenue was up 6.2%, to a record $623.9 million, from $587.6 million in the first half of fiscal 2013. Net income was $37.7 million, from $46.4 million in the previous year.
"The period (second quarter) saw particular strength in our Healthcare/Home Environment segment, which produced a 20.4% increase in revenue benefiting from our refined promotion and marketing strategy and favorable weather conditions in Europe," said Gerald J. Rubin, the Helen of Troy chairman, CEO, and president. "Innovation in product and design continues to be a positive driver for our Housewares segment leading to increases in shelf space, assortment expansion and new distribution. Finally, our Personal Care segment benefited from a new product distribution arrangement in Europe specific to the current fiscal year and increased sales in our professional appliance business."
to Daily News