Helen of Troy Reports Increased Revenues and Income
Jan 26, 2011
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Personal care appliance and small appliances maker Helen of Troy reported increases in net sales revenue and net income for the three and nine months ended Nov. 30, 2010. Both the Housewares and Personal Care businesses reported increases.

Third quarter 2010 net sales revenue was $205,001,000 versus net sales revenue of $189,399,000 in the same period of the prior year, an increase of 8.2%. Net sales revenue for the nine months ended Nov. 30, 2010 was $539,977,000 versus net sales revenue of $495,465,000 for the same period last year, an increase of 9.0%.

Third quarter net income was $27,063,000, or $0.86 per fully diluted share, compared to $24,733,000 or $0.80 per fully diluted share for the same period a year earlier, an increase of 9.4% in net income for the quarter. Net income for the nine months ended November 30, 2010 was $68,923,000, or $2.20 per fully diluted share, versus $55,153,000, or $1.79 per fully diluted share, for the same period a year earlier, an increase of 25.0%.

Net sales revenue in the Housewares segment for the third quarter of fiscal 2011 increased to $58,495,000 compared with $55,193,000 for the same period last year, an increase of $3,302,000, or 6.0%. Net sales revenue in the Housewares segment for the nine months ended November 30, 2010 increased to $162,124,000 compared with $148,447,000 for the same period last year, an increase of $13,677,000, or 9.2%.

Net sales revenue in the Personal Care segment for the third quarter of fiscal 2011 increased to $146,506,000 compared with $134,206,000 for the same period last year, an increase of $12,300,000, or 9.2%. Net sales revenue in the Personal Care segment for the nine months ended November 30, 2010 increased to $377,853,000 compared with $347,018,000 for the same period last year, an increase of $30,835,000, or 8.9%.

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