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Helen of Troy Limited reported that fourth quarter net sales revenue increased 9.8% to $152,161,000 from $138,580,000 in the same period of the previous year. Net sales revenue in the personal care segment increased 8.7% to $102,133,000 in the fourth quarter, compared to $93,986,000 for the same period last year, reflecting the acquisition of the Infusium 23 hair care business on March 31, 2009, partially offset by a still challenging retail environment.
Fiscal year net sales revenue increased 4.0% to $647,626,000 from $622,745,000 in the previous fiscal year. Net sales revenue in the personal care segment for the full year increased 0.4% to $449,151,000 compared to $447,244,000 for the same period last year.
Fourth quarter gross profit as a percentage of net sales revenue increased to 44.8% compared to 38.7% in the same period last year. Fiscal year gross profit, as a percentage of net sales revenue, increased to 43.1% in fiscal 2010 from 41.0% in fiscal 2009.
"We are very pleased with our fourth quarter results. We continue to make progress in achieving our strategic business objectives initiated during the past year," said Gerald J. Rubin, chairman, CEO and president, Helen of Troy Limited. "Our on-going efforts to improve our gross profit margin and reduce expenses as a percentage of sales are reflected in our results for the full year."
The full report is available from Helen of Troy.