Helen of Troy Q4
This article was originally published in The Rose Sheet
Executive Summary
Acquisitions of cosmetic brands will "aggressively" be pursued over the next few years to build firm's liquid cosmetics category to $200 mil. business, CEO and President Gerald Rubin says during May 13 analyst call. Net sales in Q4 were up 22% to $89.7 mil. (excluding Tactica depilatory brands) on the strength of six brands acquired from P&G during the third quarter, including Final Net hair spray, Condition 3-in-1 and Sea Breeze skin care products, firm says in May 13 1press release. Including Tactica business, net sales were nearly flat at $102.3 mil. Consolidated earnings during the quarter (ended Feb. 28) soared 48.3% to $6.5 mil...