Helen of Troy Limited reported increases in net sales revenue and net income for the three and nine months ended November 30, 2010. Third quarter net sales revenue was $205 million versus net sales revenue of $189 million in the same period of the prior year, an increase of 8.2%. Net sales revenue for the nine months ended November 30, 2010 was $540 million versus net sales revenue of $495 million for the same period last year, an increase of 9%.
Third quarter net income was $27 million compared to $24.7 million for the same period a year earlier, an increase of 9.4% in net income for the quarter. Net income for the nine months ended November 30, 2010 was $68.9 million versus $55 million for the same period a year earlier, an increase of 25% in net income for the nine months ended November 30, 2010.
Net sales revenue in the personal care segment for the third quarter of fiscal 2011 increased to $146.5 million compared with $134 million for the same period last year, an increase of $12.3 million, or 9.2%. Net sales revenue in the personal care segment for the nine months ended November 30, 2010 increased to $377.8 million, compared with $347 million for the same period last year, an increase of $30.8 million, or 8.9%.
Gerald J. Rubin, Helen of Troy chairman, CEO and president, commenting on the results for the quarter and the first nine months of the fiscal year stated, “We are very pleased with our operating results for the third quarter and nine months ended November 30, 2010, which we achieved in a continuingly difficult retail sales environment. Our personal care segment continued its sales growth, benefiting from our acquisition of the Pert Plus and Sure brands. We look forward to the future with great optimism as we continue to review and adjust our business activities to address a slowly improving economic environment. We also continue our focus on targeted expense reductions, while striving to increase sales and net income for the coming year. We believe that our innovative product introductions will be the basis for positioning our company for continued growth and success.”
