Helen of Troy sees double-digit gains in Q3

EL PASO, Texas — Helen of Troy — whose personal care brands include Vidal Sassoon, Dr. Scholl's, Pro Beauty Tools, Sure, Pert, Infusium23 and Brut — posted double-digit gains in sales and net income for the third quarter.



Net sales revenue increased 14.4% to $435.7 million compared with $380.7 million in the year-ago period.



Net income was $55.4 million, or $1.92 per diluted share. This compares with net income in the year-ago period of $37.5 million, or $1.16 per diluted share.



In looking at the sales revenue by segment, the personal care segment experienced a 4.3% decline, while housewares enjoyed a 15% gain and health care/home environment reported a 6.8% increase.



“Total sales grew 14.4%, including growth of 4.3% in our core business. Two of our three core operating segments grew, driven by improved retail trends, a favorable response to new product introductions, strong retail execution, and positive sell through. While our Personal Care segment sales declined by 4.3% compared to the year ago period, we are pleased with the progress in this business as we lay the groundwork for stabilization. Our newly-acquired Healthy Directions business continues to perform in line with our expectations and we remain excited by the growth and diversification opportunities this segment offers,” said CEO Julien Mininberg.