Helen of Troy Limited – HELE – Record net sales revenue and record operating income

Helen of Troy Limited (NASDAQ:  HELE), designer, developer and worldwide marketer of brand-name household, personal care and healthcare/home environment consumer products, reported record net sales revenue and record operating income for the three and six month periods ended August 31, 2012.

HELE – Fiscal 2013 second quarter net sales revenue increased $9,991,000, or 3.6 percent, to $287,411,000 from $277,420,000 in the same period of the prior year.

HELE – Net sales revenue for the six months ended August 31, 2012 was $587,622,000 versus net sales revenue of $548,887,000 in the same period of the prior year, an increase of $38,735,000, or 7.1 percent.

Gerald J. Rubin, Chairman, Chief Executive Officer and President, commenting on the Company’s fiscal 2013 second quarter results, stated “During the second quarter, we achieved record net sales revenue and record operating income. Similar to other global consumer products companies, we faced many challenges in light of continuing consumer uncertainty and global economic problems.  We are pleased that we were able to achieve growth in net sales revenue, operating income and EBITDA without share-based compensation, in a challenging retail sales environment.

“As a Company, we continue to have a very strong balance sheet and generate a significant amount of cash, which can be used to further innovate our businesses and make future acquisitions.  We are firmly committed to executing our strategic vision for Helen of Troy, even as the worldwide economic environment remains challenging.

“Under our previously approved share repurchase program, our Board of Directors has authorized us to purchase up to 3,019,071 shares of our outstanding common stock.  We will continue to be opportunistic in both exploring future business acquisitions as well as repurchasing our common stock.  As of August 31, 2012, our stockholder equity was $26.81 per share.

“Based on our results for the second quarter of fiscal 2013 and our outlook for a continuingly challenging retail sales environment, we are adjusting our expectations for the full fiscal year.  While we still expect net sales revenue for fiscal year 2013 to be in the range of $1.3 billion to $1.325 billion, we now expect earnings per fully diluted share to be in the range of $3.50 to $3.60 for fiscal year 2013, ending February 28, 2013,” Rubin concluded.

About Helen of Troy Limited- HELE

Helen of Troy Limited (HELE) is a leading global consumer products company offering creative solutions for its customers through a strong portfolio of well-recognized and widely-trusted brands, including: Housewares: OXO®, OXO Good Grips®, OXO Soft Works®, OXO tot® and OXO Steel®; Personal  Care: Revlon®, Vidal Sassoon®, Dr. Scholl’s®, Pro Beauty Tools®, Sure®, Pert Plus®, Infusium23®, Brut®, Ammens®, Hot Tools®, Bed Head®, Karina®, Ogilvie® and Gold ‘N Hot®; and Healthcare/Home Environment: Vicks®, Braun®, Honeywell®, PUR®, Febreze®, Stinger®, Duracraft® and SoftHeat®. The Revlon® trademark is used under license from Revlon.  The Vidal Sassoon®, Vicks®, Braun® and Febreze® trademarks are used under license from The Procter & Gamble Company.  The Dr. Scholl’s® trademark is used under license from Merck.  The Honeywell® trademark is used under license from Honeywell. The Bed Head® trademark is used under license from Unilever.

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Post Written By: Ed Liston Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.