Helen of Troy posts record results

Helen of Troy announced record results for the three and twelve month periods ended February 28, 2013. Net sales revenue increased 10.9 % to a record $326.0 million compared to $294.0 million in the fourth quarter of fiscal 2012. Operating income was $39.7 million compared to $36.6 million in the same period last year, an increase of 8.7 %, the company stated.

Gerald J. Rubin, Chairman, Chief Executive Officer and President, commenting on the Companys fiscal 2013 fourth quarter results, stated, “I am pleased to report a solid quarter, where all three of our operating segments contributed to a double digit increase in consolidated net sales compared to the same period last year. Amidst a challenging retail sales environment we continued to diligently control our costs and increased our operating income compared to the fourth quarter of last year, even as we continued to make long-term investments in our business. The fourth quarter caps off a solid year of performance for our company, where we made further progress on many of our long-term strategic business objectives and achieved overall organic growth for the second consecutive year. Our business is solid and continued to generate strong cash flow in fiscal 2013, providing significant resources to pursue our growth objectives.” Mr. Rubin continued, “Looking ahead to fiscal year 2014, we have confidence in our ability to leverage our portfolio of leading brands for long-term growth. While the global economic environment is mixed, we remain keenly focused on executing our growth strategies and controlling our costs. We will continue to invest in organic growth while evaluating accretive acquisitions that complement, and further diversify, our portfolio of global consumer products and brands.”

Consolidated Twelve-Month Operating Results

Net sales revenue increased 9.0 % to a record $1.29 billion compared to $1.18 billion in fiscal 2012. Operating income was $148.8 million compared to $139.4 million in fiscal 2012, an increase of 6.7 %, the company informed.

For fiscal year 2014, the Company expects net sales revenue in the range of $1.29 billion to $1.32 billion.

About Helen of Troy

Helen of Troy Limited is a leading global consumer products company offering solutions for its customers through brands, including: Personal Care: Revlon®, Vidal Sassoon®, Dr. Scholls®, Pro Beauty Tools®, Sure®, Pert®, Infusium23®, Brut®, Ammens®, Hot Tools®, Bed Head®, Karina®, Ogilvie® and Gold N Hot®; and The Revlon® trademark is used under license from Revlon Consumer Products Corporation. The Vidal Sassoon®, Vicks®, Braun® and Febreze® trademarks are used under license from The Procter & Gamble Company. The Dr. Scholls® trademark is used under license from MSD Consumer Care, Inc. The Honeywell® trademark is used under license from Honeywell International Inc. The Bed Head® trademark is used under license from Unilever PLC.