Helen of Troy Q2
This article was originally published in The Rose Sheet
Executive Summary
Personal care sales rose 10% to $111 mil. during the second quarter (ended Aug. 31), and grew 7.4% to $216.3 mil. for the first half of the year, firm reports Oct. 5. Net sales in Q2 were up 12.9% to $147.2 mil., while net earnings advanced 15% to $10.9 mil. Results were positively impacted by the initial sell-through of new products at retail, Helen of Troy says. Net revenues in the first half of the year increased 7.7% to $277.6 mil., while net earnings fell 12.2% to $17.6 mil. Helen of Troy reaffirmed its previous guidance projecting full-year (ending Feb. 28) revenues will be in the range of $600 mil.-$620 mil. (1"The Rose Sheet" May 15, 2006, p. 8)...