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Helen of Troy Sees Record Quarter
Posted: April 30, 2012
Helen of Troy Limited reported record fourth quarter net sales revenue and net income, and record net sales revenue and net income for the fiscal year ended February 29, 2012.
Fiscal fourth quarter net sales revenue increased 24% to $294,004,000 from $237,066,000 in the same period of the prior year. However, net sales revenue in the personal care segment decreased 3.3% to $109,607,000 in the fourth quarter compared to $113,362,000 for the same period last year, resulting primarily from difficult economic conditions outside the U.S. Net sales revenue in personal care for the fiscal year increased 1.1% to $496,605,000 compared to $491,215,000 for the prior fiscal year.
Gerald J. Rubin, chairman, CEO and president, commenting on the company’s results stated, “We are pleased with our record fiscal fourth quarter and record fiscal year results. Fiscal year 2012 results were an important milestone for Helen of Troy, as our annual net sales revenue surpassed $1 billion. We continue to make progress in achieving our long-term, strategic business objectives, despite the numerous challenges of a very difficult retail environment for several of our businesses.
“For fiscal year 2013, ending on February 28, 2013, we expect net sales revenue in the range of $1.3 billion to $1.325 billion, with earnings per share in the range of $3.80 to $3.90 per fully diluted share. At February 29, 2012, the company’s balance sheet remains strong, with stockholders’ equity of $796,729,000 and cash of $21,846,000. The domestic retail environment has recently shown a small measure of improvement, and we are confident that we will continue to be an innovative market leader in serving our retail partners and consumers in the years to come,” Rubin concluded.